Eldorado Gold (TSX:ELD) ROCE % : 14.11% (As of Dec. 2024)

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What is Eldorado 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. Eldorado Gold's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.11%.

Eldorado Gold ROCE % Historical Data

The historical data trend for Eldorado 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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Eldorado Gold ROCE % Chart

Eldorado Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.58

4.79

1.08

4.30

9.24

Eldorado Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.65	4.66	6.88	10.63	14.11

Eldorado Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	648.971	/	( ( (6691.41 - 367.887)	+	(8313.969 - 587.224) )	/ 2 )
	=	648.971	/	( (6323.523	+	7726.745)	/ 2 )
	=	648.971	/	7025.134
	=	9.24 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1043.176	/	( ( (7538.537 - 475.038)	+	(8313.969 - 587.224) )	/ 2 )
	=	1043.176	/	( ( 7063.499	+	7726.745 )	/ 2 )
	=	1043.176	/	7395.122
	=	14.11 %

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

Eldorado Gold (TSX:ELD) 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.

Eldorado Gold ROCE % Related Terms

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Eldorado Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (TSX:ELD) » Definitions » ROCE %

Comparable Companies

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EGO:USA EGO N:Mexico ELO1:Germany ELO1:Germany

Address

550 Burrard Street, Suite 1188, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, and Greece. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.

Executives

Nicolae Stanca	Senior Officer
Graham Magnus Morrison	Senior Officer
Mehmet Yilmaz	Senior Officer
George Raymond Burns	Director, Senior Officer
Frank Hamilton Herbert	Senior Officer
Jaime Heather Awmack	Senior Officer
Per Niklas Frank	Senior Officer
Ryan Swedburg	Senior Officer
Christine Tamiko Ohta	Senior Officer
Claire Mary Chamberlain	Senior Officer
Lynette Gould	Senior Officer
Peter Jonathan Lind	Senior Officer
Karen Christine Aram	Senior Officer
Paul Anthony Ferneyhough	Senior Officer
Simon Oswald Hille	Senior Officer