US Goldmining (STU:Q0G) ROCE % : -221.57% (As of Sep. 2024)

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What is US Goldmining 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. US Goldmining's annualized ROCE % for the quarter that ended in Sep. 2024 was -221.57%.

US Goldmining ROCE % Historical Data

The historical data trend for US Goldmining'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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US Goldmining ROCE % Chart

US Goldmining Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

ROCE %

-237.26

-759.01

-171.70

US Goldmining Quarterly Data
	Nov20	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								-61.80	-108.66	-36.90	-60.51	-221.57

US Goldmining ROCE % Calculation

US Goldmining'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 )
	=	-9.034	/	( ( (0.226 - 1.263)	+	(12.034 - 0.474) )	/ 2 )
	=	-9.034	/	( (-1.037	+	11.56)	/ 2 )
	=	-9.034	/	5.2615
	=	-171.70 %

US Goldmining'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 )
	=	-15.964	/	( ( (9.754 - 0.472)	+	(5.728 - 0.6) )	/ 2 )
	=	-15.964	/	( ( 9.282	+	5.128 )	/ 2 )
	=	-15.964	/	7.205
	=	-221.57 %

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

US Goldmining (STU:Q0G) 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.

US Goldmining ROCE % Related Terms

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US Goldmining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » US Goldmining Inc (STU:Q0G) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

USGO:USA Q0G:Germany

Address

1188 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.us.goldmining.com

US Goldmining Inc is a mineral exploration and development company. It is focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 170 km northwest of Anchorage, Alaska.

US Goldmining Headlines

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