Strikepoint Gold (TSXV:SKP) ROCE % : -78.64% (As of Dec. 2023)

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What is Strikepoint 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. Strikepoint Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -78.64%.

Strikepoint Gold ROCE % Historical Data

The historical data trend for Strikepoint 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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Strikepoint Gold ROCE % Chart

Strikepoint Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-783.68

-120.11

-112.26

-71.97

-109.53

Strikepoint Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-254.35	-21.31	-108.63	-126.72	-78.64

Strikepoint Gold ROCE % Calculation

Strikepoint 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 )
	=	-3.458	/	( ( (4.858 - 0.299)	+	(2.028 - 0.273) )	/ 2 )
	=	-3.458	/	( (4.559	+	1.755)	/ 2 )
	=	-3.458	/	3.157
	=	-109.53 %

Strikepoint 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 )
	=	-1.532	/	( ( (2.488 - 0.347)	+	(2.028 - 0.273) )	/ 2 )
	=	-1.532	/	( ( 2.141	+	1.755 )	/ 2 )
	=	-1.532	/	1.948
	=	-78.64 %

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

Strikepoint Gold (TSXV:SKP) 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.

Strikepoint Gold ROCE % Related Terms

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Strikepoint Gold (TSXV:SKP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

STKXF:USA NK6N:Germany

Address

595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1

Website

https://www.strikepointgold.com

Strikepoint Gold Inc is an exploration stage company. The primary business of the company is the acquisition and exploration of mineral properties in Canada. Its project includes Willoughby; Porter Idaho; Handsome Jack; Big, Bada & Boom; Lobstick; Angelina; and others. It has one reportable segment, being the exploration and evaluation of mineral properties in Canada and the United States.

Executives

Michael Allen

Director, Senior Officer

Strikepoint Gold (TSXV:SKP) Headlines

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