Element79 Gold (STU:7YS0) ROCE % : -57.85% (As of Nov. 2024)

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What is Element79 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. Element79 Gold's annualized ROCE % for the quarter that ended in Nov. 2024 was -57.85%.

Element79 Gold ROCE % Historical Data

The historical data trend for Element79 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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Element79 Gold ROCE % Chart

Element79 Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

-14.06

-179.57

-42.28

-75.32

-27.66

Element79 Gold Quarterly Data
	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial													-16.08	-21.11	-79.62	24.56	-57.85

Element79 Gold ROCE % Calculation

Element79 Gold's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-2.165	/	( ( (11.598 - 4.339)	+	(10.18 - 1.787) )	/ 2 )
	=	-2.165	/	( (7.259	+	8.393)	/ 2 )
	=	-2.165	/	7.826
	=	-27.66 %

Element79 Gold's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-4.96	/	( ( (10.18 - 1.787)	+	(10.731 - 1.976) )	/ 2 )
	=	-4.96	/	( ( 8.393	+	8.755 )	/ 2 )
	=	-4.96	/	8.574
	=	-57.85 %

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

Element79 Gold (STU:7YS0) 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.

Element79 Gold ROCE % Related Terms

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Element79 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element79 Gold Corp (STU:7YS0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ELMGF:USA 7YS0:Germany ELEM:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.element79.gold

Element79 Gold Corp is a North American-based mineral exploration stage company engaged in the acquisition, exploration and development of mineral properties.

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