Greencastle Resources (Greencastle Resources) ROCE % : -8.55% (As of Mar. 2024)

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What is Greencastle 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. Greencastle Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.55%.

Greencastle Resources ROCE % Historical Data

The historical data trend for Greencastle 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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Greencastle Resources ROCE % Chart

Greencastle Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.39

49.47

37.94

-34.53

-55.84

Greencastle Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.46	18.98	-203.15	-96.06	-8.55

Greencastle Resources ROCE % Calculation

Greencastle 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 )
	=	-2.509	/	( ( (5.742 - 0.03)	+	(3.307 - 0.032) )	/ 2 )
	=	-2.509	/	( (5.712	+	3.275)	/ 2 )
	=	-2.509	/	4.4935
	=	-55.84 %

Greencastle Resources's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.284	/	( ( (3.307 - 0.032)	+	(3.406 - 0.041) )	/ 2 )
	=	-0.284	/	( ( 3.275	+	3.365 )	/ 2 )
	=	-0.284	/	3.32
	=	-8.55 %

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

Greencastle Resources (OTCPK:GRSFF) 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.

Greencastle Resources ROCE % Related Terms

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Greencastle Resources (Greencastle Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greencastle Resources Ltd (OTCPK:GRSFF) » Definitions » ROCE %

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Traded in Other Exchanges

VGN:Canada

Address

82 Richmond Street East, Suite 200, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

http://www.greencastleresources.com

Greencastle Resources Ltd is a diversified company with interests in gold and base metals exploration and oil and gas exploration and royalties, as well as in strategic investments in other companies that are traded on the North American exchanges. The Company's reportable segments are; investments in private and public companies, oil and gas interests, and mining interests. The Company's investment segment comprises its investment in marketable securities and investment in private and public companies. The oil and gas segment is comprised of its oil and gas interests, and The mining segment is comprised of its mining interests in Canada and in the USA.

Greencastle Resources (Greencastle Resources) Headlines

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