Gold Basin Resources (Gold Basin Resources) ROCE % : -10.63% (As of Dec. 2023)

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What is Gold Basin 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. Gold Basin Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.63%.

Gold Basin Resources ROCE % Historical Data

The historical data trend for Gold Basin 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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Gold Basin Resources ROCE % Chart

Gold Basin Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-80.92

-40.23

-11.08

-7.48

-11.42

Gold Basin Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.55	-13.31	-15.89	-9.47	-10.63

Gold Basin Resources ROCE % Calculation

Gold Basin 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 )
	=	-1.618	/	( ( (14.346 - 0.313)	+	(14.648 - 0.348) )	/ 2 )
	=	-1.618	/	( (14.033	+	14.3)	/ 2 )
	=	-1.618	/	14.1665
	=	-11.42 %

Gold Basin 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.532	/	( ( (14.618 - 0.089)	+	(14.648 - 0.348) )	/ 2 )
	=	-1.532	/	( ( 14.529	+	14.3 )	/ 2 )
	=	-1.532	/	14.4145
	=	-10.63 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Gold Basin Resources (OTCPK:GXXFF) 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 Basin Resources ROCE % Related Terms

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Gold Basin Resources (Gold Basin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Basin Resources Corp (OTCPK:GXXFF) » Definitions » ROCE %

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GXX:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.goldbasincorp.com

Gold Basin Resources Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in the Gold Basin project in northern Arizona.

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