Granada Gold Mine (FRA:B6DA) ROCE % : 0.00% (As of Mar. 2024)

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What is Granada Gold Mine 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. Granada Gold Mine's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Granada Gold Mine ROCE % Historical Data

The historical data trend for Granada Gold Mine'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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Granada Gold Mine ROCE % Chart

Granada Gold Mine Annual Data

Trend

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ROCE %

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Granada Gold Mine Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Granada Gold Mine ROCE % Calculation

Granada Gold Mine's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.83	/	( ( (1.637 - 6.958)	+	(0.62 - 7.634) )	/ 2 )
	=	-1.83	/	( (-5.321	+	-7.014)	/ 2 )
	=	-1.83	/	-6.1675
	=	29.67 %

Granada Gold Mine's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.7	/	( ( (0.551 - 7.791)	+	(0.561 - 7.971) )	/ 2 )
	=	-0.7	/	( ( -7.24	+	-7.41 )	/ 2 )
	=	-0.7	/	-7.325
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Granada Gold Mine (FRA:B6DA) 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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Granada Gold Mine (FRA:B6DA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granada Gold Mine Inc (FRA:B6DA) » Definitions » ROCE %

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GBBFF:USA GGM:Canada

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.granadagoldmine.com

Granada Gold Mine Inc is a Canada-based company involved in the industrial metals and mining business sector. The company is a junior natural resource company, which is engaged in the acquisition, exploration, and development of mineral property interests. It operates in the Granada Gold project.

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