XAU Resources (TSXV:GIG) ROCE % : -48.07% (As of Jan. 2024)

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What is XAU 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. XAU Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -48.07%.

XAU Resources ROCE % Historical Data

The historical data trend for XAU 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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XAU Resources ROCE % Chart

XAU Resources Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-60.87

-15.85

-75.10

-167.86

-78.62

XAU Resources 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															-118.10	-87.37	-26.87	-97.87	-48.07

XAU Resources ROCE % Calculation

XAU Resources'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 )
	=	-0.32	/	( ( (0.614 - 0.047)	+	(0.272 - 0.025) )	/ 2 )
	=	-0.32	/	( (0.567	+	0.247)	/ 2 )
	=	-0.32	/	0.407
	=	-78.62 %

XAU Resources'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 )
	=	-0.112	/	( ( (0.272 - 0.025)	+	(0.242 - 0.023) )	/ 2 )
	=	-0.112	/	( ( 0.247	+	0.219 )	/ 2 )
	=	-0.112	/	0.233
	=	-48.07 %

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

XAU Resources (TSXV:GIG) 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.

XAU Resources ROCE % Related Terms

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XAU Resources (TSXV:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » XAU Resources Inc (TSXV:GIG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Wellington Street West, Suite 4100, P.O. Box 35, TD Bank Tower, Toronto, ON, CAN, M5K 1B7

Website

https://www.xauresources.com

XAU Resources Inc is a capital pool company. The principal business of the company is the identification and engagement in the business of acquiring, exploring and transacting in mineral exploration properties.