Greatland Gold (LSE:GGP) ROCE % : -11.14% (As of Dec. 2023)

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What is Greatland Gold 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. Greatland Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.14%.

Greatland Gold ROCE % Historical Data

The historical data trend for Greatland Gold'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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Greatland Gold ROCE % Chart

Greatland Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-98.84

-127.72

-42.00

-31.32

-28.58

Greatland Gold Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-24.51	-35.16	-32.88	-15.48	-11.14

Greatland Gold ROCE % Calculation

Greatland Gold's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-21.022	/	( ( (55.271 - 4.396)	+	(105.04 - 8.825) )	/ 2 )
	=	-21.022	/	( (50.875	+	96.215)	/ 2 )
	=	-21.022	/	73.545
	=	-28.58 %

Greatland Gold'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-10.558	/	( ( (105.04 - 8.825)	+	(97.865 - 4.597) )	/ 2 )
	=	-10.558	/	( ( 96.215	+	93.268 )	/ 2 )
	=	-10.558	/	94.7415
	=	-11.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Greatland Gold (LSE:GGP) 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.

Greatland Gold ROCE % Related Terms

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Greatland Gold (LSE:GGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greatland Gold PLC (LSE:GGP) » Definitions » ROCE %

Comparable Companies

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GRLGF:USA G8G:Germany

Address

33 St. James's Square, London, GBR, SW1Y 4JS

Website

https://www.greatlandgold.com

Greatland Gold PLC is a mining development and exploration company with a focus on precious and base metals. It operates in two segments: the United Kingdom and Australia. The Company's flagship asset is the Havieron gold-copper deposit in the Paterson region of Western Australia. Some of its other projects include Juri, Scallywag, Rudall & Canning, Ernest Giles, Panorama, Bromus, Firetower, and Warrentinna.

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