Engold Mines (TSXV:EGM) ROCE % : -30.14% (As of Dec. 2023)

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What is Engold Mines 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. Engold Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -30.14%.

Engold Mines ROCE % Historical Data

The historical data trend for Engold Mines'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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Engold Mines ROCE % Chart

Engold Mines Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-68.88

-54.90

-45.60

-83.89

-62.02

Engold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-11.64	-34.56	-19.96	-152.39	-30.14

Engold Mines ROCE % Calculation

Engold Mines's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.849	/	( ( (3.03 - 1.439)	+	(2.84 - 1.693) )	/ 2 )
	=	-0.849	/	( (1.591	+	1.147)	/ 2 )
	=	-0.849	/	1.369
	=	-62.02 %

Engold Mines's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.324	/	( ( (2.84 - 1.693)	+	(2.833 - 1.83) )	/ 2 )
	=	-0.324	/	( ( 1.147	+	1.003 )	/ 2 )
	=	-0.324	/	1.075
	=	-30.14 %

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

Engold Mines (TSXV:EGM) 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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Engold Mines (TSXV:EGM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Engold Mines Ltd (TSXV:EGM) » Definitions » ROCE %

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GWRRF:USA

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.engold.ca

Engold Mines Ltd is in the business of exploring and evaluating economically viable mineral properties in Canada. The company's properties include Lac La Hache, Gibraltar, and Mt. Polley mines and Aurizon Gold-Silver-Copper Zone.

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