Zodiac Gold (TSXV:ZAU) ROCE % : 0.00% (As of Dec. 2023)

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What is Zodiac 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. Zodiac Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Zodiac Gold ROCE % Historical Data

The historical data trend for Zodiac 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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Zodiac Gold ROCE % Chart

Zodiac Gold Annual Data

Trend

Mar22

Mar23

ROCE %

Zodiac Gold Quarterly Data
	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
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Zodiac Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.917	/	( ( (0.385 - 0.889)	+	(0.353 - 1.617) )	/ 2 )
	=	-1.917	/	( (-0.504	+	-1.264)	/ 2 )
	=	-1.917	/	-0.884
	=	216.86 %

Zodiac 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 )
	=	-1.364	/	( ( (0.532 - 0.028)	+	(0.322 - 1.865) )	/ 2 )
	=	-1.364	/	( ( 0.504	+	-1.543 )	/ 2 )
	=	-1.364	/	-0.5195
	=	0 %

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

Zodiac Gold (TSXV:ZAU) 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.

Zodiac Gold ROCE % Related Terms

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Zodiac Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4

Website

https://www.zodiac-gold.com

Zodiac Gold Inc is a gold exploration company focused on its prospective portfolio of gold properties in Liberia, West Africa. The company's flagship Todi gold project located along the Todi shear zone.

Executives

Mark J. Kol

Director

Zodiac Gold Headlines

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