SolGold (TSX:SOLG) ROCE % : -3.61% (As of Jun. 2024)

View and export this data going back to 2017. Start your Free Trial

What is SolGold 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. SolGold's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.61%.

SolGold ROCE % Historical Data

The historical data trend for SolGold'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.

* Premium members only.

SolGold ROCE % Chart

SolGold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

Get a 7-Day Free Trial

-4.86

-3.57

3.64

-8.29

-9.81

SolGold Quarterly Data
	Sep17	Dec17	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-16.14	-3.95	-9.42	-23.34	-3.61

SolGold ROCE % Calculation

SolGold's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-60.31	/	( ( (635.521 - 18.315)	+	(635.701 - 23.699) )	/ 2 )
	=	-60.31	/	( (617.206	+	612.002)	/ 2 )
	=	-60.31	/	614.604
	=	-9.81 %

SolGold's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-22.06	/	( ( (618.626 - 9.768)	+	(635.701 - 23.699) )	/ 2 )
	=	-22.06	/	( ( 608.858	+	612.002 )	/ 2 )
	=	-22.06	/	610.43
	=	-3.61 %

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

SolGold (TSX:SOLG) 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.

SolGold ROCE % Related Terms

Thank you for viewing the detailed overview of SolGold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

SolGold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SolGold PLC (TSX:SOLG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SLGGF:USA SOLGl:UK SOLG:UK S8F:Germany

Address

1 Cornhill, London, GBR, EC3V 3ND

Website

https://www.solgold.com.au

SolGold PLC is a developer of an exploration company intended to explore gold and copper mining properties. The company's platform helps in the discovery, definition and development of world-class copper-gold deposits, enabling systematic and discipline exploration of both metals.

SolGold Headlines

No Headlines