Signature Resources (TSXV:SGU) ROCE % : -709.83% (As of Apr. 2024)

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What is Signature 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. Signature Resources's annualized ROCE % for the quarter that ended in Apr. 2024 was -709.83%.

Signature Resources ROCE % Historical Data

The historical data trend for Signature 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.

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Signature Resources ROCE % Chart

Signature Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-15.46

-19.00

-228.19

-607.49

Signature Resources Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															-	-2,546.56	-	-983.41	-709.83

Signature Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.296	/	( ( (1.308 - 1.464)	+	(0.955 - 1.065) )	/ 2 )
	=	-1.296	/	( (-0.156	+	-0.11)	/ 2 )
	=	-1.296	/	-0.133
	=	974.44 %

Signature Resources's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-1.228	/	( ( (1.314 - 0.999)	+	(1.098 - 1.067) )	/ 2 )
	=	-1.228	/	( ( 0.315	+	0.031 )	/ 2 )
	=	-1.228	/	0.173
	=	-709.83 %

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

Signature Resources (TSXV:SGU) 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.

Signature Resources ROCE % Related Terms

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Signature Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SGGTF:USA 3S30:Germany

Address

401 Bay Street, Box 4, Suite 2704, Toronto, ON, CAN, M5H 2Y4

Website

https://www.signatureresources.ca

Signature Resources Ltd is a Canadian based advanced stage exploration company focused on expanding the 100% owned Lingman Lake Gold zone, located within the prolific Red Lake district in Northwestern Ontario, Canada. The project has a 234,000 ounce historical high-grade gold resource estimate that is contained within the first 180 meters of surface and open in all directions. The company is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drill rig and aims to publish a maiden NI 43-101 compliant resource in 2022.

Executives

Robert Vallis

Director, Senior Officer