Grande Portage Resources (FRA:GPB) ROCE % : -3.28% (As of Jan. 2024)

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What is Grande Portage 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. Grande Portage Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -3.28%.

Grande Portage Resources ROCE % Historical Data

The historical data trend for Grande Portage 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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Grande Portage Resources ROCE % Chart

Grande Portage Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-11.36

-10.15

-8.23

-7.25

-5.51

Grande Portage Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-3.57	-11.09	-5.01	-3.36	-3.28

Grande Portage Resources ROCE % Calculation

Grande Portage Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.774	/	( ( (14.525 - 0.205)	+	(14.42 - 0.664) )	/ 2 )
	=	-0.774	/	( (14.32	+	13.756)	/ 2 )
	=	-0.774	/	14.038
	=	-5.51 %

Grande Portage Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.46	/	( ( (14.42 - 0.664)	+	(14.46 - 0.167) )	/ 2 )
	=	-0.46	/	( ( 13.756	+	14.293 )	/ 2 )
	=	-0.46	/	14.0245
	=	-3.28 %

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

Grande Portage Resources (FRA:GPB) 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.

Grande Portage Resources ROCE % Related Terms

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Grande Portage Resources (FRA:GPB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grande Portage Resources Ltd (FRA:GPB) » Definitions » ROCE %

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GPTRF:USA GPB:Germany GPG:Canada

Address

280 - 1090 West Georgia Street, Vancouver, BC, CAN, V6E 3V7

Website

https://www.grandeportage.com

Grande Portage Resources Ltd is a mineral exploration company based in Canada. The principal business activities are the exploration for and development of natural resource properties namely gold, in Alaska. The company holds an interest in Herbert Gold Property located to the north of Juneau, Alaska.

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