K2 Gold (STU:23K) ROCE % : -6.86% (As of Dec. 2023)

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What is K2 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. K2 Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.86%.

K2 Gold ROCE % Historical Data

The historical data trend for K2 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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K2 Gold ROCE % Chart

K2 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.62

-13.45

-12.12

-9.46

-9.34

K2 Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-10.19	-7.52	-9.58	-8.98	-6.86

K2 Gold ROCE % Calculation

K2 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 )
	=	-0.943	/	( ( (9.052 - 0.123)	+	(11.46 - 0.204) )	/ 2 )
	=	-0.943	/	( (8.929	+	11.256)	/ 2 )
	=	-0.943	/	10.0925
	=	-9.34 %

K2 Gold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.78	/	( ( (11.898 - 0.397)	+	(11.46 - 0.204) )	/ 2 )
	=	-0.78	/	( ( 11.501	+	11.256 )	/ 2 )
	=	-0.78	/	11.3785
	=	-6.86 %

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

K2 Gold (STU:23K) 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.

K2 Gold ROCE % Related Terms

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K2 Gold (STU:23K) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K2 Gold Corp (STU:23K) » Definitions » ROCE %

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KTGDF:USA KTO:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is a well-financed gold exploration company with projects in SW USA and the Yukon. The company is focused on the Mojave property in California, a 5,830-hectare oxide gold project with base metal targets. The location of Mojave enables the company to have year-round news flow on multiple previously recognized surface gold targets. Besides affording immediate drill targets based on the company's soil data integrated with LiDAR and Worldview3 data, the property also has undrilled locations with gold-enriched historical trench results including one at the Flores zone which recorded 8.4 g/t gold over 25.6m. The company has exploration plans for the Si2 and Wels projects, located in Nevada, the USA, and the Yukon Territory, Canada.

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