Reyna Gold (TSXV:REYG) ROCE % : -53.95% (As of Dec. 2023)

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What is Reyna 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. Reyna Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -53.95%.

Reyna Gold ROCE % Historical Data

The historical data trend for Reyna 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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Reyna Gold ROCE % Chart

Reyna Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-1.04

-53.97

-48.03

-86.37

Reyna Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-41.86	-37.65	-47.21	-113.86	-53.95

Reyna Gold ROCE % Calculation

Reyna Gold'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 )
	=	-4.39	/	( ( (7.661 - 0.049)	+	(2.615 - 0.062) )	/ 2 )
	=	-4.39	/	( (7.612	+	2.553)	/ 2 )
	=	-4.39	/	5.0825
	=	-86.37 %

Reyna 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 )
	=	-1.74	/	( ( (3.926 - 0.028)	+	(2.615 - 0.062) )	/ 2 )
	=	-1.74	/	( ( 3.898	+	2.553 )	/ 2 )
	=	-1.74	/	3.2255
	=	-53.95 %

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

Reyna Gold (TSXV:REYG) 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.

Reyna Gold ROCE % Related Terms

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Reyna Gold (TSXV:REYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reyna Gold Corp (TSXV:REYG) » Definitions » ROCE %

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Traded in Other Exchanges

REYGF:USA

Address

410 - 325 Howe Street, Vancouver, BC, CAN, V6C1Z7

Website

https://www.reynagold.com

Reyna Gold Corp is engaged in the acquisition, exploration, and development of resource properties for the mining of precious or base metals with a focus on Mexico. It has one industry segment, which is the acquisition and exploration of mineral properties. Its projects include La Gloria, El Durazno, La Centella and Don Porfirio.

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