ONGRF (ONGold Resources) ROCE % : -101.74% (As of Sep. 2024)

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What is ONGold 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. ONGold Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -101.74%.

ONGold Resources ROCE % Historical Data

The historical data trend for ONGold 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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ONGold Resources ROCE % Chart

ONGold Resources Annual Data

Trend

Dec22

Dec23

ROCE %

ONGold Resources Quarterly Data
	Sep22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-1,709.09	31,854.55	-545.98	-101.74

ONGold Resources ROCE % Calculation

ONGold 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 )
	=	-0.111	/	( ( (0.029 - 0.043)	+	(2.268 - 2.29) )	/ 2 )
	=	-0.111	/	( (-0.014	+	-0.022)	/ 2 )
	=	-0.111	/	-0.018
	=	616.67 %

ONGold 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 )
	=	-2.892	/	( ( (3.128 - 0.048)	+	(2.688 - 0.083) )	/ 2 )
	=	-2.892	/	( ( 3.08	+	2.605 )	/ 2 )
	=	-2.892	/	2.8425
	=	-101.74 %

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

ONGold Resources (OTCPK:ONGRF) 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.

ONGold Resources ROCE % Related Terms

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ONGold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ONGold Resources Ltd (OTCPK:ONGRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ONAU:Canada

Address

1410-120 Adelaide St. W, Toronto, ON, CAN, M5H 1T1

Website

https://www.ongoldresources.com

ONGold Resources Ltd is a mining company. Its project include TPK Property.

ONGold Resources Headlines

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