Golden Goliath Resources (FRA:GGZA) ROCE % : -14.35% (As of Feb. 2024)

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What is Golden Goliath Resources 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. Golden Goliath Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -14.35%.

Golden Goliath Resources ROCE % Historical Data

The historical data trend for Golden Goliath Resources'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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Golden Goliath Resources ROCE % Chart

Golden Goliath Resources Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-23.35

-26.82

-15.92

-13.41

-12.14

Golden Goliath Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-12.78	-15.95	-15.03	-11.52	-14.35

Golden Goliath Resources ROCE % Calculation

Golden Goliath Resources's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.35	/	( ( (3.347 - 0.174)	+	(2.833 - 0.242) )	/ 2 )
	=	-0.35	/	( (3.173	+	2.591)	/ 2 )
	=	-0.35	/	2.882
	=	-12.14 %

Golden Goliath Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.372	/	( ( (2.771 - 0.154)	+	(2.706 - 0.14) )	/ 2 )
	=	-0.372	/	( ( 2.617	+	2.566 )	/ 2 )
	=	-0.372	/	2.5915
	=	-14.35 %

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

Golden Goliath Resources (FRA:GGZA) 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.

Golden Goliath Resources ROCE % Related Terms

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Golden Goliath Resources (FRA:GGZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Goliath Resources Ltd (FRA:GGZA) » Definitions » ROCE %

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Traded in Other Exchanges

GGTHF:USA GGZA:Germany GNG:Canada

Address

688 West Hastings Street, Suite 920, Vancouver, BC, CAN, V6B 1P1

Website

https://www.goldengoliath.com

Golden Goliath Resources Ltd is an exploration stage company. Its principal business activity is the acquisition and exploration of resource properties. It has properties in Ontario, Canada namely KWAI property and SLF property in the Red Lake District, the Wish Ore property in townships of Wishat and Palmer and in Mexico namely San Timoteo and NSR Royalties.

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