Evergold (TSXV:EVER) ROCE % : -605.54% (As of Mar. 2024)

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What is Evergold 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. Evergold's annualized ROCE % for the quarter that ended in Mar. 2024 was -605.54%.

Evergold ROCE % Historical Data

The historical data trend for Evergold'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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Evergold ROCE % Chart

Evergold Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-92.01

-454.50

-370.28

-132.10

-298.43

Evergold 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															-194.94	-273.03	-110.55	-485.43	-605.54

Evergold ROCE % Calculation

Evergold'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 )
	=	-1.619	/	( ( (0.778 - 0.042)	+	(0.416 - 0.067) )	/ 2 )
	=	-1.619	/	( (0.736	+	0.349)	/ 2 )
	=	-1.619	/	0.5425
	=	-298.43 %

Evergold'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 )
	=	-1.42	/	( ( (0.416 - 0.067)	+	(0.243 - 0.123) )	/ 2 )
	=	-1.42	/	( ( 0.349	+	0.12 )	/ 2 )
	=	-1.42	/	0.2345
	=	-605.54 %

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

Evergold (TSXV:EVER) 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.

Evergold ROCE % Related Terms

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Evergold (TSXV:EVER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evergold Corp (TSXV:EVER) » Definitions » ROCE %

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Traded in Other Exchanges

EVGUF:USA 5EG:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.evergoldcorp.ca

Evergold Corp is engaged in the exploration and development of mineral properties in British Columbia, Canada. The company's projects include Snoball, Golden Lion, Spanish Lake, Snoball and Holy Cross.