Golden Share Resources (TSXV:GSH) ROCE % : 0.00% (As of Dec. 2023)

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What is Golden Share 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. Golden Share Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Golden Share Resources ROCE % Historical Data

The historical data trend for Golden Share 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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Golden Share Resources ROCE % Chart

Golden Share Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-364.29

-254.90

-282.76

Golden Share Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1,600.00	-491.43	-5,688.89	5,266.67	-

Golden Share Resources ROCE % Calculation

Golden Share Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.164	/	( ( (0.655 - 0.484)	+	(0.433 - 0.488) )	/ 2 )
	=	-0.164	/	( (0.171	+	-0.055)	/ 2 )
	=	-0.164	/	0.058
	=	-282.76 %

Golden Share Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.204	/	( ( (0.488 - 0.446)	+	(0.433 - 0.488) )	/ 2 )
	=	-0.204	/	( ( 0.042	+	-0.055 )	/ 2 )
	=	-0.204	/	-0.0065
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Golden Share Resources (TSXV:GSH) 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.

Golden Share Resources ROCE % Related Terms

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Golden Share Resources (TSXV:GSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Share Resources Corp (TSXV:GSH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Riviera Drive, Unit 7, Markham, ON, CAN, L3R 5J6

Website

https://www.goldenshare.ca

Golden Share Resources Corp is engaged in the exploration and evaluation of mineral resources in Canada. Some of its projects include Ogoki, Kagiami, Petawanga, and Ratte Lake property.

Executives

Nick Nianqing Zeng

10% Security Holder

Golden Share Resources (TSXV:GSH) Headlines

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