Bulgold (TSXV:ZLTO) ROCE % : -48.54% (As of Dec. 2023)

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What is Bulgold 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. Bulgold's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.54%.

Bulgold ROCE % Historical Data

The historical data trend for Bulgold'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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Bulgold ROCE % Chart

Bulgold Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-90.76

-122.18

Bulgold Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-65.69	-253.75	-52.95	-49.39	-48.54

Bulgold ROCE % Calculation

Bulgold'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 )
	=	-1.914	/	( ( (0.617 - 0.14)	+	(3.271 - 0.615) )	/ 2 )
	=	-1.914	/	( (0.477	+	2.656)	/ 2 )
	=	-1.914	/	1.5665
	=	-122.18 %

Bulgold'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 )
	=	-1.456	/	( ( (3.595 - 0.252)	+	(3.271 - 0.615) )	/ 2 )
	=	-1.456	/	( ( 3.343	+	2.656 )	/ 2 )
	=	-1.456	/	2.9995
	=	-48.54 %

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

Bulgold (TSXV:ZLTO) 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.

Bulgold ROCE % Related Terms

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Bulgold (TSXV:ZLTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bulgold Inc (TSXV:ZLTO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3

Website

https://www.bulgold.com

Bulgold Inc is a gold exploration company focused on the exploration and development of mineral exploration projects in Eastern and Central Europe. The Company controls 100% of two quality quartz-adularia epithermal gold projects located in the Bulgarian portion of the Western Tethyan Belt: the Kutel Gold Project and the Kostilkovo Gold Project. The Company also holds an option to acquire a 100% interest in the Lutila exploration license located in central Slovakia which is prospective for low-sulfidation epithermal gold mineralization.

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