ONXGF (Onyx Gold) ROCE % : -6.42% (As of Sep. 2024)

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What is Onyx 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. Onyx Gold's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.42%.

Onyx Gold ROCE % Historical Data

The historical data trend for Onyx 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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Onyx Gold ROCE % Chart

Onyx Gold Annual Data

Trend

Mar23

Mar24

ROCE %

-7.87

Onyx Gold Quarterly Data
	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-16.32	-9.29	-7.55	-6.40	-6.42

Onyx Gold ROCE % Calculation

Onyx Gold's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-1.472	/	( ( (0 - 0)	+	(19.184 - 0.487) )	/ 1 )
	=	-1.472	/	( (0	+	18.697)	/ 1 )
	=	-1.472	/	18.697
	=	-7.87 %

Onyx Gold'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 )
	=	-1.18	/	( ( (18.701 - 0.373)	+	(18.768 - 0.318) )	/ 2 )
	=	-1.18	/	( ( 18.328	+	18.45 )	/ 2 )
	=	-1.18	/	18.389
	=	-6.42 %

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

Onyx Gold (OTCPK:ONXGF) 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.

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Onyx Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (OTCPK:ONXGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ONYX:Canada

Address

375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6

Website

https://www.onyxgold.com

Onyx Gold corp is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company's portfolio of gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, for its mineralization, plus two additional earlier-stage large exploration properties, Golden Mile, Yukon, and Timmins South.

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