GETT Gold (TSXV:GETT) ROCE % : 0.00% (As of Jun. 2024)

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What is GETT Gold 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. GETT Gold's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

GETT Gold ROCE % Historical Data

The historical data trend for GETT Gold'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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GETT Gold ROCE % Chart

GETT Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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GETT Gold Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

GETT Gold ROCE % Calculation

GETT Gold'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 )
	=	-11.175	/	( ( (13.863 - 6.16)	+	(2.219 - 16.222) )	/ 2 )
	=	-11.175	/	( (7.703	+	-14.003)	/ 2 )
	=	-11.175	/	-3.15
	=	354.76 %

GETT Gold's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-2.108	/	( ( (1.107 - 17.961)	+	(1.121 - 18.527) )	/ 2 )
	=	-2.108	/	( ( -16.854	+	-17.406 )	/ 2 )
	=	-2.108	/	-17.13
	=	0 %

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

GETT Gold (TSXV:GETT) 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.

GETT Gold ROCE % Related Terms

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GETT Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GETT Gold Inc (TSXV:GETT) » Definitions » ROCE %

Comparable Companies

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RCCMF:USA

Address

7055 Boulevard Taschereau, Suite 500, Brossard, QC, CAN, J4Z 1A7

Website

https://www.gettgold.com

GETT Gold Inc is engaged in the exploration and development of mineral properties in Canada. Its project includes Courville Maruska. The Company's exclusive and patented thermal fragmentation mining method is ideal for extracting narrow vein deposits. In addition, the company provides thermal fragmentation mining technology for the mining industry.

Executives

Fabien Miller

Director

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