Reunion Gold (Reunion Gold) ROCE % : -115.53% (As of Sep. 2023)

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What is Reunion 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. Reunion Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was -115.53%.

Reunion Gold ROCE % Historical Data

The historical data trend for Reunion 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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Reunion Gold ROCE % Chart

Reunion Gold Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

ROCE %

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-43.40

-109.13

-91.82

-88.96

-91.87

Reunion Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-47.82	-99.11	-144.15	-208.96	-115.53

Reunion Gold ROCE % Calculation

Reunion Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-19.606	/	( ( (13.134 - 1.83)	+	(34.414 - 3.038) )	/ 2 )
	=	-19.606	/	( (11.304	+	31.376)	/ 2 )
	=	-19.606	/	21.34
	=	-91.87 %

Reunion Gold's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-44.312	/	( ( (21.955 - 4.198)	+	(63.44 - 4.485) )	/ 2 )
	=	-44.312	/	( ( 17.757	+	58.955 )	/ 2 )
	=	-44.312	/	38.356
	=	-115.53 %

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

Reunion Gold (OTCPK:RGDFF) 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.

Reunion Gold ROCE % Related Terms

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Reunion Gold (Reunion Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RG7:Germany RGD:Canada

Address

181 Bay Street, Suite 4400, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

http://www.reuniongold.com

Reunion Gold Corp is a Canadian gold exploration and development company. It is focused on the acquisition, exploration, and development of gold mineral properties in the Guiana Shield region in South America. The main projects of the company are Boulanger and Dorlin in French Guiana, Oko West in Guyana and NW Extension in Suriname.