Gold Lakes (Gold Lakes) ROCE % : 0.00% (As of Apr. 2017)

View and export this data going back to 2007. Start your Free Trial

What is Gold Lakes 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. Gold Lakes's annualized ROCE % for the quarter that ended in Apr. 2017 was 0.00%.

Gold Lakes ROCE % Historical Data

The historical data trend for Gold Lakes'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.

Gold Lakes ROCE % Chart

Gold Lakes Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

ROCE %

Get a 7-Day Free Trial

Gold Lakes Quarterly Data
	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Gold Lakes ROCE % Calculation

Gold Lakes's annualized ROCE % for the fiscal year that ended in Jul. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2016 )		(A: Jul. 2015 )		(A: Jul. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2016 )		(A: Jul. 2015 )		(A: Jul. 2016 )
	=	-25.667	/	( ( (0 - 0.272)	+	(0.054 - 1.954) )	/ 2 )
	=	-25.667	/	( (-0.272	+	-1.9)	/ 2 )
	=	-25.667	/	-1.086
	=	2,363.44 %

Gold Lakes's ROCE % of for the quarter that ended in Apr. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2017 )		(Q: Jan. 2017 )		(Q: Apr. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2017 )		(Q: Jan. 2017 )		(Q: Apr. 2017 )
	=	1.808	/	( ( (0.066 - 1.759)	+	(0.1 - 0.878) )	/ 2 )
	=	1.808	/	( ( -1.693	+	-0.778 )	/ 2 )
	=	1.808	/	-1.2355
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2017) EBIT data.

Gold Lakes (GREY:GLLK) 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 Lakes ROCE % Related Terms

Thank you for viewing the detailed overview of Gold Lakes's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold Lakes (Gold Lakes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Lakes Corp (GREY:GLLK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3401 Enterprise Parkway, Suite 340, Beachwood, OH, USA, 42122

Website

http://www.goldlakes.com

Gold Lakes Corp is involved in the business of mining and developing precious metals, mainly Gold. Its projects include The Big Monty property located in the north of Kirkland Lake and east of Timmins in Ontario and The Ponderosa property located in townships of Frecheville, Stoughton, and the Mistaken islands of Ontario, Canada.

Gold Lakes (Gold Lakes) Headlines

No Headlines