Golden Sky Minerals (TSXV:AUEN) ROCE % : -11.08% (As of Mar. 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 Mar. 2024 was -11.08%.

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.

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Golden Sky Minerals ROCE % Chart

Golden Sky Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.01

-4.08

-3.24

-5.51

-5.36

Golden Sky Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.58	-3.58	-3.24	-4.44	-11.08

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 Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.408	/	( ( (3.761 - 0.031)	+	(3.699 - 0.066) )	/ 2 )
	=	-0.408	/	( ( 3.73	+	3.633 )	/ 2 )
	=	-0.408	/	3.6815
	=	-11.08 %

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

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 (TSXV:AUEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Sky Minerals Corp (TSXV:AUEN) » Definitions » ROCE %

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LCKYF:USA

Address

2110 - 650 W Georgia Street, Vancouver, BC, CAN, V6B 4N9

Website

https://www.goldenskyminerals.com

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

Golden Sky Minerals (TSXV:AUEN) Headlines

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