GoldQuest Mining (STU:M1W) ROCE % : -42.00% (As of Sep. 2024)

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What is GoldQuest Mining 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. GoldQuest Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -42.00%.

GoldQuest Mining ROCE % Historical Data

The historical data trend for GoldQuest Mining'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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GoldQuest Mining ROCE % Chart

GoldQuest Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.44

-9.90

-16.59

-21.91

-27.96

GoldQuest Mining 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															-25.02	-29.35	-29.26	-34.46	-42.00

GoldQuest Mining ROCE % Calculation

GoldQuest Mining'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 )
	=	-2.075	/	( ( (8.396 - 0.098)	+	(6.649 - 0.106) )	/ 2 )
	=	-2.075	/	( (8.298	+	6.543)	/ 2 )
	=	-2.075	/	7.4205
	=	-27.96 %

GoldQuest Mining'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 )
	=	-2.256	/	( ( (5.842 - 0.212)	+	(5.296 - 0.182) )	/ 2 )
	=	-2.256	/	( ( 5.63	+	5.114 )	/ 2 )
	=	-2.256	/	5.372
	=	-42.00 %

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

GoldQuest Mining (STU:M1W) 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.

GoldQuest Mining ROCE % Related Terms

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GoldQuest Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldQuest Mining Corp (STU:M1W) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GDQMF:USA M1W:Germany GQC:Canada

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.goldquestcorp.com

GoldQuest Mining Corp is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. Its projects include Romero Project, Tireo Project, and Others. The company along with its subsidiaries is engaged in the identification, acquisition and exploration of mineral properties. It has one reportable segment, being the evaluation and exploration of mineral exploration properties.

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