Engineer Gold Mines (STU:9EG0) ROCE % : -1.92% (As of Aug. 2024)

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What is Engineer Gold Mines 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. Engineer Gold Mines's annualized ROCE % for the quarter that ended in Aug. 2024 was -1.92%.

Engineer Gold Mines ROCE % Historical Data

The historical data trend for Engineer Gold Mines'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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Engineer Gold Mines ROCE % Chart

Engineer Gold Mines Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-31.89

-31.04

-11.10

-7.84

-4.87

Engineer Gold Mines Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															4.92	-6.11	-2.30	-3.61	-1.92

Engineer Gold Mines ROCE % Calculation

Engineer Gold Mines's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.144	/	( ( (3.359 - 0.216)	+	(3.029 - 0.259) )	/ 2 )
	=	-0.144	/	( (3.143	+	2.77)	/ 2 )
	=	-0.144	/	2.9565
	=	-4.87 %

Engineer Gold Mines's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-0.052	/	( ( (3.026 - 0.286)	+	(2.97 - 0.294) )	/ 2 )
	=	-0.052	/	( ( 2.74	+	2.676 )	/ 2 )
	=	-0.052	/	2.708
	=	-1.92 %

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

Engineer Gold Mines (STU:9EG0) 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.

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Engineer Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Engineer Gold Mines Ltd (STU:9EG0) » Definitions » ROCE %

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EGMLF:USA EAU:Canada

Address

750 West Pender Street, Suite 804, Vancouver, BC, CAN, V6C 2T7

Website

https://www.engineergoldmines.com

Engineer Gold Mines Ltd is an exploration-stage junior mining company. The firm is engaged in the identification, acquisition, and exploration of mineral properties. Its project includes Engineer Gold Mine project.

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