Granite Creek Copper (TSXV:GCX) ROCE % : -8.55% (As of Feb. 2024)

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What is Granite Creek Copper 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. Granite Creek Copper's annualized ROCE % for the quarter that ended in Feb. 2024 was -8.55%.

Granite Creek Copper ROCE % Historical Data

The historical data trend for Granite Creek Copper'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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Granite Creek Copper ROCE % Chart

Granite Creek Copper Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

May21

May22

May23

ROCE %

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-38.15

-47.69

-24.49

Granite Creek Copper Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-14.75	-13.16	-8.16	-7.48	-8.55

Granite Creek Copper ROCE % Calculation

Granite Creek Copper's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-2.069	/	( ( (9.69 - 1.196)	+	(9.641 - 1.241) )	/ 2 )
	=	-2.069	/	( (8.494	+	8.4)	/ 2 )
	=	-2.069	/	8.447
	=	-24.49 %

Granite Creek Copper's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.704	/	( ( (8.88 - 0.559)	+	(8.847 - 0.692) )	/ 2 )
	=	-0.704	/	( ( 8.321	+	8.155 )	/ 2 )
	=	-0.704	/	8.238
	=	-8.55 %

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

Granite Creek Copper (TSXV:GCX) 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.

Granite Creek Copper ROCE % Related Terms

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Granite Creek Copper (TSXV:GCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granite Creek Copper Ltd (TSXV:GCX) » Definitions » ROCE %

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Traded in Other Exchanges

GCXXF:USA GRK:Germany

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.gcxcopper.com

Granite Creek Copper Ltd is a Vancouver-based, public exploration company. It is in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, to establish a mineable mineral resource. The company primarily explores gold and other mineral deposits. Granite Creek holds an interest in the Stu Copper-Gold Project located in the Minto Copper District of Canada's Yukon Territory.

Executives

Robert Sennott

Director

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