Clear Gold Resources (TSXV:CFA.H) ROCE % : 0.00% (As of Sep. 2024)

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What is Clear Gold Resources 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. Clear Gold Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Clear Gold Resources ROCE % Historical Data

The historical data trend for Clear Gold Resources'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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Clear Gold Resources ROCE % Chart

Clear Gold Resources Annual Data

Trend

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Jun24

ROCE %

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Clear Gold Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
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Clear Gold Resources ROCE % Calculation

Clear Gold Resources'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 )
	=	-0.184	/	( ( (0.031 - 2.102)	+	(0.007 - 2.262) )	/ 2 )
	=	-0.184	/	( (-2.071	+	-2.255)	/ 2 )
	=	-0.184	/	-2.163
	=	8.51 %

Clear Gold Resources'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 )
	=	-0.152	/	( ( (0.007 - 2.262)	+	(0.008 - 2.3) )	/ 2 )
	=	-0.152	/	( ( -2.255	+	-2.292 )	/ 2 )
	=	-0.152	/	-2.2735
	=	0 %

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

Clear Gold Resources (TSXV:CFA.H) 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.

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Clear Gold Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Clear Gold Resources Inc (TSXV:CFA.H) » Definitions » ROCE %

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Address

1066 Heywood Street, North Vancouver, Vancouver, BC, CAN, V7L 1H3

Website

Clear Gold Resources Inc has discontinued its operations in the exploration and evaluation of resource properties in Canada and ceased trading in September 2015.

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