Kestrel Gold (TSXV:KGC) ROCE % : -17.60% (As of Dec. 2023)

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What is Kestrel Gold 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. Kestrel Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.60%.

Kestrel Gold ROCE % Historical Data

The historical data trend for Kestrel Gold'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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Kestrel Gold ROCE % Chart

Kestrel Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-195.65

-121.38

-25.35

-14.58

-12.73

Kestrel Gold 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															-10.04	-11.06	-13.50	-15.87	-17.60

Kestrel Gold ROCE % Calculation

Kestrel Gold's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.169	/	( ( (1.507 - 0.111)	+	(1.356 - 0.096) )	/ 2 )
	=	-0.169	/	( (1.396	+	1.26)	/ 2 )
	=	-0.169	/	1.328
	=	-12.73 %

Kestrel Gold'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 )
	=	-0.22	/	( ( (1.356 - 0.096)	+	(1.28 - 0.04) )	/ 2 )
	=	-0.22	/	( ( 1.26	+	1.24 )	/ 2 )
	=	-0.22	/	1.25
	=	-17.60 %

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

Kestrel Gold (TSXV:KGC) 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.

Kestrel Gold ROCE % Related Terms

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Kestrel Gold (TSXV:KGC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kestrel Gold Inc (TSXV:KGC) » Definitions » ROCE %

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KSTBF:USA

Address

110-12 Avenue S.W., Suite 208, Calgary, AB, CAN, T2R 0G7

Website

https://www.kestrelgold.com

Kestrel Gold Inc is principally engaged in the business of acquisition, exploration, and evaluation of mineral properties. Its principal property includes the King Solomon Dome project in the Dawson mining district in the Yukon Territory of Canada. The Company is exploring and evaluating mineral properties in the Yukon Territory and British Columbia, Canada, to bring these properties to production.