Grosvenor Resource (TSXV:GVR) ROCE % : -23.39% (As of Nov. 2024)

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What is Grosvenor Resource 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. Grosvenor Resource's annualized ROCE % for the quarter that ended in Nov. 2024 was -23.39%.

Grosvenor Resource ROCE % Historical Data

The historical data trend for Grosvenor Resource'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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Grosvenor Resource ROCE % Chart

Grosvenor Resource Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-10.97

-9.37

-9.61

-14.05

-16.78

Grosvenor Resource Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-11.92	-15.60	-20.29	-19.42	-23.39

Grosvenor Resource ROCE % Calculation

Grosvenor Resource's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-0.379	/	( ( (2.804 - 0.022)	+	(1.775 - 0.04) )	/ 2 )
	=	-0.379	/	( (2.782	+	1.735)	/ 2 )
	=	-0.379	/	2.2585
	=	-16.78 %

Grosvenor Resource's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.368	/	( ( (1.775 - 0.04)	+	(1.451 - 0.04) )	/ 2 )
	=	-0.368	/	( ( 1.735	+	1.411 )	/ 2 )
	=	-0.368	/	1.573
	=	-23.39 %

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

Grosvenor Resource (TSXV:GVR) 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.

Grosvenor Resource ROCE % Related Terms

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Grosvenor Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grosvenor Resource Corp (TSXV:GVR) » Definitions » ROCE %

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Address

2168 Marine Drive, Suite 202, Vancouver, BC, CAN, V7V 1K3

Website

https://www.gvrresource.com

Grosvenor Resource Corp is a natural resource company engaged in the acquisition and exploration of mineral properties. Its project includes the Powder Property is located 75km north of Kamloops, in south-central British Columbia, Canada. The Property is comprised of two mineral claims and covers an area of 121 hectares.

Executives

Ian Terry Rozier

10% Security Holder, Director, Senior Officer

Grosvenor Resource Headlines

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