GoldStone Resources (FRA:GVL1) ROCE % : -21.90% (As of Jun. 2024)

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What is GoldStone 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. GoldStone Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -21.90%.

GoldStone Resources ROCE % Historical Data

The historical data trend for GoldStone 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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GoldStone Resources ROCE % Chart

GoldStone Resources Annual Data

Trend

Feb14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.88

-5.50

-5.64

-1.11

-10.79

GoldStone Resources Semi-Annual Data
	Aug14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-3.51	1.62	-53.18	36.98	-21.90

GoldStone Resources ROCE % Calculation

GoldStone Resources'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 )
	=	-1.19	/	( ( (19.886 - 7.041)	+	(20.31 - 11.1) )	/ 2 )
	=	-1.19	/	( (12.845	+	9.21)	/ 2 )
	=	-1.19	/	11.0275
	=	-10.79 %

GoldStone Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.872	/	( ( (20.31 - 11.1)	+	(18.903 - 11.019) )	/ 2 )
	=	-1.872	/	( ( 9.21	+	7.884 )	/ 2 )
	=	-1.872	/	8.547
	=	-21.90 %

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

GoldStone Resources (FRA:GVL1) 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.

GoldStone Resources ROCE % Related Terms

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GoldStone Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldStone Resources Ltd (FRA:GVL1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRL:UK

Address

41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ

Website

https://www.goldstoneresources.com

GoldStone Resources Ltd is an exploration company. Its primary activity is the exploration and mining of gold and associated elements. The company projects include Akrokeri and Homase Licence. It has two reportable egments: Exploration and Corporate.

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