GDRZF (Gold Reserve) ROCE %: -35.91% (As of Mar. 2026)


GDRZF Gold Reserve Ltd GDRZF
30 GF Score
Price $4.50
! 3 Warning Signs
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What is Gold Reserve ROCE %?

Gold Reserve GDRZF -0.88% 30 ROCE % is -35.91% as of Mar. 2026. GuruFocus rates GDRZF with a GF Score™ of 30/100. The stock has 3 warning signs investors should review.

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. Gold Reserve's annualized ROCE % for the quarter that ended in Mar. 2026 was -35.91%.

Gold Reserve  (OTCPK:GDRZF) 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.

Gold Reserve ROCE % Related Terms

Gold Reserve ROCE % Historical Data

* Premium members only.

The historical data trend for Gold Reserve'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.

Gold Reserve ROCE % Chart

Gold Reserve Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.09 -13.19 -17.06 -30.48 -53.14

Gold Reserve Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
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 -36.78 -15.94 -55.81 -72.85 -35.91
GDRZF
30GF Score
Gold Reserve Ltd GDRZF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gold Reserve ROCE % Calculation

Gold Reserve's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-33.259/( ( (79.043 - 13.944) + (78.83 - 18.754) )/ 2 )
=-33.259/( (65.099+60.076)/ 2 )
=-33.259/62.5875
=-53.14 %

Gold Reserve's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-33.004/( ( (78.83 - 18.754) + (140.923 - 17.184) )/ 2 )
=-33.004/( ( 60.076 + 123.739 )/ 2 )
=-33.004/91.9075
=-35.91 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -35.91% mean?
Gold Reserve (GDRZF) has a ROCE % of -35.91% as of Mar. 2026.
Is Gold Reserve's ROCE % too high?
Gold Reserve's current ROCE % is -35.91%. Overall, Gold Reserve has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Gold Reserve's ROCE % compare to NEM and AU?
Gold Reserve's ROCE % of -35.91% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Gold Reserve's current ROCE % is -35.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Reserve stock overvalued right now?
Gold Reserve (GDRZF) has a current ROCE % of -35.91%. The current ROCE % is -35.91%. Gold Reserve's overall GF Score™ is 30/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Gold Reserve (GDRZF), the current ROCE % is -35.91% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gold Reserve Business Description

Other Exchanges 97Z:GermanyGRZ:Canada
Address 11 Bermudiana Road, Rosebank Centre, 5th Floor, Pembroke, BMU, HM 08
Gold Reserve Ltd is focused on managing and monetizing a collection of legal and arbitral claims. These claims include the CITGO Proceedings, Portugal Attachment Proceedings, and the Siembra Minera Arbitration Proceedings. The company operates in a single operating and reportable segment: pursuing legal claims related to mineral properties.
30GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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