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Golden Sky Minerals (TSXV:AUEN) ROCE % : -11.49% (As of Jun. 2024)


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What is Golden Sky Minerals 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. Golden Sky Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -11.49%.


Golden Sky Minerals ROCE % Historical Data

The historical data trend for Golden Sky Minerals'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.

Golden Sky Minerals ROCE % Chart

Golden Sky Minerals Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial -5.01 -4.08 -3.24 -5.51 -5.36

Golden Sky Minerals Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.58 -3.24 -4.44 -11.08 -11.49

Golden Sky Minerals ROCE % Calculation

Golden Sky Minerals'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 )
=-0.532/( ( (16.21 - 0.078) + (3.761 - 0.031) )/ 2 )
=-0.532/( (16.132+3.73)/ 2 )
=-0.532/9.931
=-5.36 %

Golden Sky Minerals'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 )
=-0.412/( ( (3.699 - 0.066) + (3.581 - 0.044) )/ 2 )
=-0.412/( ( 3.633 + 3.537 )/ 2 )
=-0.412/3.585
=-11.49 %

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

* 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.


Golden Sky Minerals  (TSXV:AUEN) 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.


Golden Sky Minerals ROCE % Related Terms

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Golden Sky Minerals Business Description

Traded in Other Exchanges
Address
2110 - 650 W Georgia Street, Vancouver, BC, CAN, V6B 4N9
Golden Sky Minerals Corp is a junior exploration company. It is focused on the discovery of new precious metal and copper projects through systematic exploration in metal endowed terranes, located in tier one mining jurisdictions. The company's main focus is developing its portfolio of projects to resource stage. The drill ready projects include Hotspot, Bullseye, and Luckystrike, all in the Yukon. In addition, the Rayfield Copper Gold Project in southern British Columbia, and the Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, adds to the company's building a substantial early-stage project pipeline in Canada.
Executives
John Newell Senior Officer

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