Unigold (Unigold) ROCE % : -354.09% (As of Mar. 2024)

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What is Unigold 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. Unigold's annualized ROCE % for the quarter that ended in Mar. 2024 was -354.09%.

Unigold ROCE % Historical Data

The historical data trend for Unigold'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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Unigold ROCE % Chart

Unigold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-225.90

-150.61

-162.71

-272.54

-397.83

Unigold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1,003.00	-1,910.88	-218.33	-246.78	-354.09

Unigold ROCE % Calculation

Unigold'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 )
	=	-2.383	/	( ( (0.851 - 0.525)	+	(1.149 - 0.277) )	/ 2 )
	=	-2.383	/	( (0.326	+	0.872)	/ 2 )
	=	-2.383	/	0.599
	=	-397.83 %

Unigold's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.144	/	( ( (1.149 - 0.277)	+	(0.592 - 0.253) )	/ 2 )
	=	-2.144	/	( ( 0.872	+	0.339 )	/ 2 )
	=	-2.144	/	0.6055
	=	-354.09 %

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

Unigold (OTCPK:UGDIF) 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.

Unigold ROCE % Related Terms

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Unigold (Unigold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Unigold Inc (OTCPK:UGDIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UGB1:Germany UGD:Canada

Address

One First Canadian Place, Suite 3400, P.O. Box 130, Toronto, ON, CAN, M5X 1A4

Website

https://www.unigoldinc.com

Unigold Inc is a Canada-based natural resource company. Principally, it is focused on exploring and developing its gold projects in the Dominican Republic. The company owns 100% of the exploration rights for gold, silver, zinc, copper, and all associated minerals on the Neita Property in the northwestern Dominican Republic. The Neita concession covers approximately 22,616 hectares and is located approximately 200 linear kilometres northwest of the city of Santo Domingo. It has one business segment, mineral exploration. Geographically, it has two segments namely Canada and the Dominican Republic.

Unigold (Unigold) Headlines

From GuruFocus

Unigold Engages Torrey Hills Capital

By GlobeNewswire GlobeNewswire • 04-29-2021

Unigold Updates Mineral Resource Estimate for the Candelones Project

By GlobeNewswire GlobeNewswire • 05-13-2021

Unigold Granted Exploration Concession in the Dominican Republic

By GlobeNewswire GlobeNewswire • 05-22-2018

Unigold Announces Completion of Oxide Test Pit Program

By GlobeNewswire GlobeNewswire • 12-20-2018

Unigold Files Technical Report on Candelones Project

By GlobeNewswire GlobeNewswire • 10-09-2020

Unigold Inc. Announces Grant of Incentive Options

By GlobeNewswire GlobeNewswire • 09-29-2020

Phoenix Gold Fund Limited acquires shares in Unigold Inc.

By GlobeNewswire GlobeNewswire • 08-12-2021

Unigold Retains UK Investor Relations Firm for European Exposure

By GlobeNewswire GlobeNewswire • 07-30-2020