Cerrado Gold (TSXV:CERT) ROCE % : 1.16% (As of Sep. 2023)

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What is Cerrado 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. Cerrado Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.16%.

Cerrado Gold ROCE % Historical Data

The historical data trend for Cerrado 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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Cerrado Gold ROCE % Chart

Cerrado Gold Annual Data

Trend

Dec21

Dec22

ROCE %

-8.65

1.99

Cerrado Gold Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial										-29.58	13.00	-17.25	11.34	1.16

Cerrado Gold ROCE % Calculation

Cerrado Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.777	/	( ( (140.561 - 76.237)	+	(220.955 - 106.415) )	/ 2 )
	=	1.777	/	( (64.324	+	114.54)	/ 2 )
	=	1.777	/	89.432
	=	1.99 %

Cerrado Gold's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	1.58	/	( ( (299.215 - 156.959)	+	(337.842 - 207.407) )	/ 2 )
	=	1.58	/	( ( 142.256	+	130.435 )	/ 2 )
	=	1.58	/	136.3455
	=	1.16 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Cerrado Gold (TSXV:CERT) 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.

Cerrado Gold ROCE % Related Terms

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Cerrado Gold (TSXV:CERT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerrado Gold Inc (TSXV:CERT) » Definitions » ROCE %

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Traded in Other Exchanges

CRDOF:USA

Address

200 Bay Street, Suite 3205, Toronto, ON, CAN, M5J 2J2

Website

https://www.cerradogold.com

Cerrado Gold Inc is a precious metals mining and exploration company building a portfolio of assets in South America. The company owns Minera Don Nicolas Project, located in Santa Cruz, Argentina. It is also focused on exploration at its Monte do Carmo gold Project in Tocantins State, Brazil.

Executives

Maria Virginia Anzola

Director