Desert Gold Ventures (STU:QXR2) ROCE % : -786.13% (As of Sep. 2024)

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What is Desert Gold Ventures 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. Desert Gold Ventures's annualized ROCE % for the quarter that ended in Sep. 2024 was -786.13%.

Desert Gold Ventures ROCE % Historical Data

The historical data trend for Desert Gold Ventures'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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Desert Gold Ventures ROCE % Chart

Desert Gold Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-156.78

-196.97

-324.83

-189.11

Desert Gold Ventures 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															-242.67	-123.08	-1,252.76	-1,112.40	-786.13

Desert Gold Ventures ROCE % Calculation

Desert Gold Ventures'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 )
	=	-0.903	/	( ( (1.305 - 0.51)	+	(0.274 - 0.114) )	/ 2 )
	=	-0.903	/	( (0.795	+	0.16)	/ 2 )
	=	-0.903	/	0.4775
	=	-189.11 %

Desert Gold Ventures'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 )
	=	-1.36	/	( ( (0.653 - 0.426)	+	(0.501 - 0.382) )	/ 2 )
	=	-1.36	/	( ( 0.227	+	0.119 )	/ 2 )
	=	-1.36	/	0.173
	=	-786.13 %

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

Desert Gold Ventures (STU:QXR2) 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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Desert Gold Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desert Gold Ventures Inc (STU:QXR2) » Definitions » ROCE %

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DAUGF:USA QXR2:Germany DAU:Canada

Address

9648-128th Street, Suite 210, Surrey, BC, CAN, V3T 2X9

Website

https://www.desertgold.ca

Desert Gold Ventures Inc is an exploration stage company. It is principally engaged in the business of acquisition, exploration, and development of mineral resource properties. The company conducts mineral property exploration in Mali and Rwanda. It holds an interest in Farabantourou exploration, Djimbala, and the SMSZ project.

Desert Gold Ventures Headlines

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