Orla Mining (TSX:OLA) ROCE % : 35.38% (As of Sep. 2024)

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What is Orla 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. Orla Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was 35.38%.

Orla Mining ROCE % Historical Data

The historical data trend for Orla 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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Orla Mining ROCE % Chart

Orla Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.59

-12.25

-8.90

21.06

3.67

Orla Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															19.10	14.85	-35.87	38.33	35.38

Orla Mining ROCE % Calculation

Orla 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 )
	=	25.347	/	( ( (833.869 - 132.83)	+	(718.8 - 38.448) )	/ 2 )
	=	25.347	/	( (701.039	+	680.352)	/ 2 )
	=	25.347	/	690.6955
	=	3.67 %

Orla 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 )
	=	272.52	/	( ( (814.154 - 44.935)	+	(838.087 - 66.726) )	/ 2 )
	=	272.52	/	( ( 769.219	+	771.361 )	/ 2 )
	=	272.52	/	770.29
	=	35.38 %

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

Orla Mining (TSX:OLA) 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.

Orla Mining ROCE % Related Terms

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Orla Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orla Mining Ltd (TSX:OLA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ORLA:USA O8M:Germany

Address

1075 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 3C9

Website

https://www.orlamining.com

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds three gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the South Railroad and Lewis gold projects in Nevada, USA, and the Cerro Quema gold project in Panama. It conducts business activities in Mexico, Panama, the United States, and Canada.

Executives

Andrew James Bradbury	Senior Officer
Etienne Morin	Senior Officer
Timothy Quentin Haldane	Director
Elizabeth Dianne Mcgregor	Director
Fairfax Financial Holdings Limited	10% Security Holder
John Andrew Cormier	Senior Officer
Robert Ljubomir Krcmarov	Director
Paul Mann	Senior Officer
Jean Robitaille	Director
Charles A. Jeannes	Director
Sylvain Guerard	Senior Officer
Chafika Eddine	Senior Officer
Brendan Depoe	Senior Officer
Jason Douglas Simpson	Director, Senior Officer
David Andrew Stephens	Director

Orla Mining Headlines

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