Gossan Resources (TSXV:GSS) ROCE % : -226.93% (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is Gossan 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. Gossan Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -226.93%.

Gossan Resources ROCE % Historical Data

The historical data trend for Gossan 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.

* Premium members only.

Gossan Resources ROCE % Chart

Gossan Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-314.86

-4,311.11

-860.29

-598.14

Gossan 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															-247.55	-513.16	-94.75	-90.81	-226.93

Gossan Resources ROCE % Calculation

Gossan Resources's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.286	/	( ( (0.745 - 0.395)	+	(0.324 - 0.244) )	/ 2 )
	=	-1.286	/	( (0.35	+	0.08)	/ 2 )
	=	-1.286	/	0.215
	=	-598.14 %

Gossan 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 )
	=	-0.792	/	( ( (0.574 - 0.16)	+	(0.493 - 0.209) )	/ 2 )
	=	-0.792	/	( ( 0.414	+	0.284 )	/ 2 )
	=	-0.792	/	0.349
	=	-226.93 %

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

Gossan Resources (TSXV:GSS) 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.

Gossan Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Gossan Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gossan Resources (TSXV:GSS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GSSRF:USA GSR:Germany

Address

171 Donald Street, Suite 404, Winnipeg, MB, CAN, R3C 1M4

Website

https://www.gossan.ca

Gossan Resources Ltd is engaged in the business of exploration and development of mineral resources in Newfoundland, Manitoba, and northwestern Ontario and processes in multiple Metals and Mining. The company's project portfolio includes the Sturgeon Lake Zinc Property, Inwood Magnesium Dolomite Property, Pipestone Project, Bird River Property, and Separation Rapids Specialty Minerals Project.

Executives

Douglas Reeson

Director, Senior Officer