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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.

* Premium members only.

GoldStone Resources ROCE % Chart

GoldStone Resources Annual Data
Trend Feb14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -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.

* 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.


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

Traded in Other Exchanges
Address
41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ
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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