Relevant Gold (Relevant Gold) ROCE % : -584.25% (As of Mar. 2024)

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What is Relevant 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. Relevant Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -584.25%.

Relevant Gold ROCE % Historical Data

The historical data trend for Relevant 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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Relevant Gold ROCE % Chart

Relevant Gold Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-458.97

-708.98

-352.46

Relevant Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-179.88	-56.61	-234.23	-332.20	-584.25

Relevant Gold ROCE % Calculation

Relevant Gold'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 )
	=	-2.543	/	( ( (0.993 - 0.169)	+	(0.929 - 0.31) )	/ 2 )
	=	-2.543	/	( (0.824	+	0.619)	/ 2 )
	=	-2.543	/	0.7215
	=	-352.46 %

Relevant Gold'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 )
	=	-2.448	/	( ( (0.929 - 0.31)	+	(0.66 - 0.441) )	/ 2 )
	=	-2.448	/	( ( 0.619	+	0.219 )	/ 2 )
	=	-2.448	/	0.419
	=	-584.25 %

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

Relevant Gold (OTCPK:RGCCF) 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.

Relevant Gold ROCE % Related Terms

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Relevant Gold (Relevant Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RGC:Canada

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

https://www.relevantgoldcorp.com

Relevant Gold Corp is a mineral resource company. The company is focused on the acquisition, exploration, discovery, and development of mineral resource properties in Wyoming, USA. Its properties comprise Golden Buffalo gold property, Lewiston gold property, Windy Flats, Shield-Carissa property, and Bradley Peak property.