Goldcliff Resource (TSXV:GCN) ROCE % : -13.60% (As of Jan. 2024)

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What is Goldcliff Resource 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. Goldcliff Resource's annualized ROCE % for the quarter that ended in Jan. 2024 was -13.60%.

Goldcliff Resource ROCE % Historical Data

The historical data trend for Goldcliff Resource'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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Goldcliff Resource ROCE % Chart

Goldcliff Resource Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-124.49

-78.71

-54.39

-125.57

-58.52

Goldcliff Resource Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-20.67	-85.92	-28.03	-90.57	-13.60

Goldcliff Resource ROCE % Calculation

Goldcliff Resource's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.364	/	( ( (0.854 - 0.238)	+	(0.921 - 0.293) )	/ 2 )
	=	-0.364	/	( (0.616	+	0.628)	/ 2 )
	=	-0.364	/	0.622
	=	-58.52 %

Goldcliff Resource's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.084	/	( ( (0.921 - 0.293)	+	(0.962 - 0.355) )	/ 2 )
	=	-0.084	/	( ( 0.628	+	0.607 )	/ 2 )
	=	-0.084	/	0.6175
	=	-13.60 %

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

Goldcliff Resource (TSXV:GCN) 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.

Goldcliff Resource ROCE % Related Terms

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Goldcliff Resource (TSXV:GCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcliff Resource Corp (TSXV:GCN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GCFFF:USA

Address

789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2

Website

http://www.goldcliff.com

Goldcliff Resource Corp is a mine development company based in Canada. The company is engaged in the acquisition, exploration, evaluation, and development of mineral assets in the United States and Canada. The company owns an interest in the Panorama Ridge gold project, Pine Grove project, Ainsworth Silver property, Rand Property, Kettle Valley Property, and Aurora West Property.

Executives

George Walter Sanders

Director

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