Geologica Resource (FRA:862) ROCE % : -4,800.00% (As of Dec. 2023)

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What is Geologica Resource ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Geologica Resource's annualized ROCE % for the quarter that ended in Dec. 2023 was -4,800.00%.

Geologica Resource ROCE % Historical Data

The historical data trend for Geologica Resource's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Geologica Resource ROCE % Chart

Geologica Resource Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-233.48

-352.75

Geologica Resource Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-1,082.99	-197.56	-166.98	-274.58	-4,800.00

Geologica Resource ROCE % Calculation

Geologica Resource's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.321	/	( ( (0.478 - 0.231)	+	(0.212 - 0.277) )	/ 2 )
	=	-0.321	/	( (0.247	+	-0.065)	/ 2 )
	=	-0.321	/	0.091
	=	-352.75 %

Geologica Resource's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.288	/	( ( (0.332 - 0.255)	+	(0.212 - 0.277) )	/ 2 )
	=	-0.288	/	( ( 0.077	+	-0.065 )	/ 2 )
	=	-0.288	/	0.006
	=	-4,800.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Geologica Resource (FRA:862) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Geologica Resource (FRA:862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geologica Resource Corp (FRA:862) » Definitions » ROCE %

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GRCM:Canada

Address

630 - 1111 Melville Street, Vancouver, BC, CAN, V6E 3V6

Website

https://www.geologicaresource.com

Geologica Resource Corp is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. The Topley Property consists of 7 mineral claims totalling approximately 2,706 Hectares, located in central British Columbia, in the Omineca Mining Division.

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