Golden Cross Resources (Golden Cross Resources) ROCE % : -5.89% (As of Dec. 2023)

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What is Golden Cross 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 Cross Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.89%.

Golden Cross Resources ROCE % Historical Data

The historical data trend for Golden Cross 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 Cross Resources ROCE % Chart

Golden Cross Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-6.34

-7.95

-7.10

-7.35

-5.79

Golden Cross Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.99	-5.69	-8.85	-6.58	-5.89

Golden Cross Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.502	/	( ( (10.021 - 1.352)	+	(8.758 - 0.078) )	/ 2 )
	=	-0.502	/	( (8.669	+	8.68)	/ 2 )
	=	-0.502	/	8.6745
	=	-5.79 %

Golden Cross Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.508	/	( ( (8.758 - 0.078)	+	(8.746 - 0.162) )	/ 2 )
	=	-0.508	/	( ( 8.68	+	8.584 )	/ 2 )
	=	-0.508	/	8.632
	=	-5.89 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Golden Cross Resources (GREY:GCSSF) 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 Cross Resources ROCE % Related Terms

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Golden Cross Resources (Golden Cross Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Cross Resources Ltd (GREY:GCSSF) » Definitions » ROCE %

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GCR:Australia

Address

66 Berry Street, Suite 301, North Sydney, Sydney, NSW, AUS, 2060

Website

http://www.goldencross.com.au

Golden Cross Resources Ltd is a mineral exploration company. It is engaged in mineral exploration, evaluation, and development for different metals and minerals, including copper, gold, silver, coal, and others. The company project includes Copper Hill Project, Quidong Base Metal Project, Cobar Region - Kilparney Extended Project, West Wyalong and the Gawler Craton IOCG project. The company operates in a single segment which is mineral exploration, evaluation, and development.

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