Gowest Gold (STU:1GWA) ROCE % : -3.88% (As of Jul. 2024)

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What is Gowest 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. Gowest Gold's annualized ROCE % for the quarter that ended in Jul. 2024 was -3.88%.

Gowest Gold ROCE % Historical Data

The historical data trend for Gowest 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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Gowest Gold ROCE % Chart

Gowest Gold Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-10.13

-9.92

-3.22

-3.77

-2.58

Gowest Gold Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-2.97	-3.02	-0.80	-3.01	-3.88

Gowest Gold ROCE % Calculation

Gowest Gold's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.419	/	( ( (53.112 - 11.42)	+	(75.742 - 7.501) )	/ 2 )
	=	-1.419	/	( (41.692	+	68.241)	/ 2 )
	=	-1.419	/	54.9665
	=	-2.58 %

Gowest Gold's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-2.936	/	( ( (79.83 - 5.27)	+	(83.203 - 6.47) )	/ 2 )
	=	-2.936	/	( ( 74.56	+	76.733 )	/ 2 )
	=	-2.936	/	75.6465
	=	-3.88 %

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

Gowest Gold (STU:1GWA) 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.

Gowest Gold ROCE % Related Terms

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Gowest Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gowest Gold Ltd (STU:1GWA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

80 Richmond Street West, Suite 1400, Toronto, ON, CAN, M5H 2A4

Website

https://www.gowestgold.com

Gowest Gold Ltd is engaged in the business of mining and exploring minerals. Its projects include The Bradshaw Project is located in the Frankfield property and also has interests in the Pipestone, Tully, and Whitney properties.

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