GLNS (Golden Star Resources) ROCE % : 0.00% (As of Sep. 2024)

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What is Golden Star 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 Star Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Golden Star Resources ROCE % Historical Data

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

Golden Star Resources Annual Data

Trend

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Jun24

ROCE %

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Golden Star Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Golden Star Resources ROCE % Calculation

Golden Star Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.048	/	( ( (0.003 - 0.774)	+	(0.003 - 0.822) )	/ 2 )
	=	-0.048	/	( (-0.771	+	-0.819)	/ 2 )
	=	-0.048	/	-0.795
	=	6.04 %

Golden Star Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.056	/	( ( (0.003 - 0.822)	+	(0.007 - 0.84) )	/ 2 )
	=	-0.056	/	( ( -0.819	+	-0.833 )	/ 2 )
	=	-0.056	/	-0.826
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Golden Star Resources (OTCPK:GLNS) 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 Star Resources ROCE % Related Terms

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Golden Star Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Star Resources Corp (OTCPK:GLNS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 300- 500 North Rainbow Boulevard, Las Vegas, NV, USA, 89107

Website

http://www.goldenstarresourcecorp.com

Golden Star Resources Corp is an exploration stage corporation engaged in the search for mineral deposits or reserves. The company has a exploration project in Churchill county, Nevada. The project is in the vicinity of the Bell Mountain Mining Project which lies along the Eastern margin of the Walker Lane mineral belt which contains a number of past-producing gold-silver deposits.

Executives

Kathrine Macdonald	10 percent owner	885 PYRFORD ROAD, WEST VANCOUVER A1 V7S 2A2
Marilyn Miller	10 percent owner	3390 TOOPAL DRIVE, OCEANSIDE CA 92058

Golden Star Resources Headlines

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