SRCRF (Scorpio Gold) ROCE % : 6.69% (As of Sep. 2024)

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What is Scorpio 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. Scorpio Gold's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.69%.

Scorpio Gold ROCE % Historical Data

The historical data trend for Scorpio 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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Scorpio Gold ROCE % Chart

Scorpio Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.90

-3.67

-25.34

-14.30

-15.97

Scorpio Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-12.93	-6.06	-130.85	59.42	6.69

Scorpio Gold ROCE % Calculation

Scorpio 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 )
	=	-1.521	/	( ( (14.448 - 3.76)	+	(14.689 - 6.323) )	/ 2 )
	=	-1.521	/	( (10.688	+	8.366)	/ 2 )
	=	-1.521	/	9.527
	=	-15.97 %

Scorpio 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 )
	=	0.964	/	( ( (19.815 - 6.761)	+	(20.618 - 4.866) )	/ 2 )
	=	0.964	/	( ( 13.054	+	15.752 )	/ 2 )
	=	0.964	/	14.403
	=	6.69 %

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

Scorpio Gold (OTCPK:SRCRF) 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.

Scorpio Gold ROCE % Related Terms

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Scorpio Gold Business Description

Industry

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

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RY9:Germany RY9:Germany SGN:Canada

Address

800 West Pender Street, Suite 910, Vancouver, BC, CAN, V6C 2V6

Website

https://www.scorpiogold.com

Scorpio Gold Corp is a company that is engaged in mineral exploitation, exploration, and development in the United States. It holds an interest in the Mineral Ridge gold project which is located in the northwest of the town of Silver Peak and west of Tonopah in Esmeralda County, Nevada. Its other project includes the Goldwedge property which is located north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada.