Getty Copper (TSXV:GTC) ROCE % : -4.26% (As of Sep. 2024)

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What is Getty Copper 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. Getty Copper's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.26%.

Getty Copper ROCE % Historical Data

The historical data trend for Getty Copper'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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Getty Copper ROCE % Chart

Getty Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.65

1.85

-4.66

-4.26

-6.59

Getty Copper 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															-3.47	-6.74	-2.12	-8.28	-4.26

Getty Copper ROCE % Calculation

Getty Copper'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 )
	=	-0.307	/	( ( (6.558 - 1.908)	+	(6.997 - 2.33) )	/ 2 )
	=	-0.307	/	( (4.65	+	4.667)	/ 2 )
	=	-0.307	/	4.6585
	=	-6.59 %

Getty Copper'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 )
	=	-0.208	/	( ( (7.046 - 2.348)	+	(7.392 - 2.322) )	/ 2 )
	=	-0.208	/	( ( 4.698	+	5.07 )	/ 2 )
	=	-0.208	/	4.884
	=	-4.26 %

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

Getty Copper (TSXV:GTC) 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.

Getty Copper ROCE % Related Terms

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Getty Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Getty Copper Inc (TSXV:GTC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Austin Avenue, Coquitlam, BC, CAN, V3K 3P1

Website

https://www.gettycopper.com

Getty Copper Inc is a Canada-based exploration-stage company. It is engaged in the business of mineral exploration and mine development in the Highland Valley area of British Columbia. The company's properties include the Getty mineral claims, which are located within the Kamloops Mining District of Highland Valley.

Executives

Earl Hope	Director
Larry Reaugh	Director

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