Gensource Potash (TSXV:GSP) ROCE % : -14.88% (As of Sep. 2024)

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What is Gensource Potash 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. Gensource Potash's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.88%.

Gensource Potash ROCE % Historical Data

The historical data trend for Gensource Potash'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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Gensource Potash ROCE % Chart

Gensource Potash Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.27

-6.82

-28.86

-9.00

-35.13

Gensource Potash 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															-11.18	-59.77	-12.92	-12.40	-14.88

Gensource Potash ROCE % Calculation

Gensource Potash'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 )
	=	-5.539	/	( ( (24.95 - 6.614)	+	(23.673 - 10.479) )	/ 2 )
	=	-5.539	/	( (18.336	+	13.194)	/ 2 )
	=	-5.539	/	15.765
	=	-35.13 %

Gensource Potash'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 )
	=	-1.756	/	( ( (23.586 - 11.507)	+	(23.509 - 11.978) )	/ 2 )
	=	-1.756	/	( ( 12.079	+	11.531 )	/ 2 )
	=	-1.756	/	11.805
	=	-14.88 %

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

Gensource Potash (TSXV:GSP) 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.

Gensource Potash ROCE % Related Terms

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Gensource Potash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gensource Potash Corp (TSXV:GSP) » Definitions » ROCE %

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AGCCF:USA UGN:Germany

Address

201-1st Avenue South, Suite 1100, Saskatoon, SK, CAN, S7K 1J5

Website

https://www.gensourcepotash.ca

Gensource Potash Corp is a Canada based company focused on developing resource opportunities with a specific focus on potash development. The company owns an interest in the Vanguard area project located in Saskatchewan and the Lazlo project, among others.

Executives

T. Robert Theoret	Senior Officer
Stephen G. Dyer	Director
Michael John Ferguson	Director, Senior Officer
Amy O'shea	Director
Alton Duane Anderson	Senior Officer
Deborah Ann Morsky	Senior Officer
Mike Mueller	Director

Gensource Potash Headlines

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