Green Arrow Resources (TSXV:GAR.H) ROCE % : 0.00% (As of Dec. 2023)

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What is Green Arrow 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. Green Arrow Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Green Arrow Resources ROCE % Historical Data

The historical data trend for Green Arrow 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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Green Arrow Resources ROCE % Chart

Green Arrow Resources Annual Data

Trend

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ROCE %

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Green Arrow Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Green Arrow Resources ROCE % Calculation

Green Arrow Resources'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 )
	=	-0.102	/	( ( (0.005 - 0.722)	+	(0.003 - 0.823) )	/ 2 )
	=	-0.102	/	( (-0.717	+	-0.82)	/ 2 )
	=	-0.102	/	-0.7685
	=	13.27 %

Green Arrow Resources'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 )
	=	-0.148	/	( ( (0.003 - 0.786)	+	(0.003 - 0.823) )	/ 2 )
	=	-0.148	/	( ( -0.783	+	-0.82 )	/ 2 )
	=	-0.148	/	-0.8015
	=	0 %

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

Green Arrow Resources (TSXV:GAR.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.

Green Arrow Resources ROCE % Related Terms

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Green Arrow Resources (TSXV:GAR.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Green Arrow Resources Inc (TSXV:GAR.H) » Definitions » ROCE %

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Address

666 Burrard Street, Suite 600, Vancouver, BC, CAN, V6C3P6

Website

http://www.greenarrowresources.com

Green Arrow Resources Inc is a junior mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resources properties. The company is focused on the development of the Goatfell Property. The property is located near Creston, British Columbia.

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