GoldON Resources (TSXV:GLD) ROCE % : -191.47% (As of Sep. 2024)

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What is GoldON 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. GoldON Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -191.47%.

GoldON Resources ROCE % Historical Data

The historical data trend for GoldON 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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GoldON Resources ROCE % Chart

GoldON Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-38.96

-12.44

-21.43

-171.80

-206.26

GoldON Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-236.90	-74.50	-2,131.79	-966.67	-191.47

GoldON Resources ROCE % Calculation

GoldON Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.022	/	( ( (0.797 - 0.094)	+	(0.323 - 0.035) )	/ 2 )
	=	-1.022	/	( (0.703	+	0.288)	/ 2 )
	=	-1.022	/	0.4955
	=	-206.26 %

GoldON Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.92	/	( ( (0.323 - 0.035)	+	(1.036 - 0.363) )	/ 2 )
	=	-0.92	/	( ( 0.288	+	0.673 )	/ 2 )
	=	-0.92	/	0.4805
	=	-191.47 %

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

GoldON Resources (TSXV:GLD) 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.

GoldON Resources ROCE % Related Terms

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GoldON Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldON Resources Ltd (TSXV:GLD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NCMBF:USA 6NR2:Germany

Address

179 - 2945 Jacklin Road, Suite 416, Victoria, BC, CAN, V9B 6J9

Website

https://www.goldonresources.com

GoldON Resources Ltd is a mineral exploration company focused on discovery-stage properties in the prolific gold mining belts of northwestern Ontario, Canada. Its goal with a property is to add value by defining (or redefining) the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.

Executives

Michael Romanik	Director
James Peter Wilfred Darcel	Director
Joseph Jerome Smulders	Director
Colleen-sue Davis	Senior Officer
Glen Wallace	Senior Officer
Brian C. Doutaz	Director