Gorilla Gold Mines (FRA:GG2) ROCE % : -10.11% (As of Dec. 2024)

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What is Gorilla Gold Mines 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. Gorilla Gold Mines's annualized ROCE % for the quarter that ended in Dec. 2024 was -10.11%.

Gorilla Gold Mines ROCE % Historical Data

The historical data trend for Gorilla Gold Mines'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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Gorilla Gold Mines ROCE % Chart

Gorilla Gold Mines Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-4.68

-40.55

-46.05

-24.91

-24.52

Gorilla Gold Mines Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-12.62	-40.00	-8.02	-90.10	-10.11

Gorilla Gold Mines ROCE % Calculation

Gorilla Gold Mines's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-2.153	/	( ( (16.02 - 1.559)	+	(15.549 - 12.447) )	/ 2 )
	=	-2.153	/	( (14.461	+	3.102)	/ 2 )
	=	-2.153	/	8.7815
	=	-24.52 %

Gorilla Gold Mines's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-2.252	/	( ( (15.549 - 12.447)	+	(42.331 - 0.88) )	/ 2 )
	=	-2.252	/	( ( 3.102	+	41.451 )	/ 2 )
	=	-2.252	/	22.2765
	=	-10.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Gorilla Gold Mines (FRA:GG2) 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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Gorilla Gold Mines Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gorilla Gold Mines Ltd (FRA:GG2) » Definitions » ROCE %

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GG8:Australia

Address

292 Barker Road, PO Box no. 1473, Subiaco, WA, AUS, 6008

Website

https://www.gorillagold8.com

Gorilla Gold Mines Ltd is a gold explorer based in Western Australia focussed on the exploration upside of under-explored mining projects close to existing infrastructure. The projects of the company include Comet Vale, Vivien Gold, Mulwarrie, Yalgoo-Lang well, Labyrinth Gold, Denain Exploration , and others.

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