VITFF (Victoria Gold) ROCE %: -3.00% (As of Mar. 2024)


VITFF Victoria Gold Corp VITFF
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What is Victoria Gold ROCE %?

Victoria Gold VITFF +33.33% 12 ROCE % is -3.00% as of Mar. 2024. GuruFocus rates VITFF with a GF Score™ of 12/100.

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. Victoria Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.00%.

Victoria Gold  (OTCPK:VITFF) 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.

Victoria Gold ROCE % Related Terms

Victoria Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Victoria 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.

Victoria Gold ROCE % Chart

Victoria Gold Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.83 6.09 21.66 8.26 7.44

Victoria Gold Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.21 15.22 7.08 4.23 -3.00
VITFF
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Victoria Gold Corp VITFF
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Victoria Gold ROCE % Calculation

Victoria 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 )
=48.362/( ( (748.477 - 120.962) + (757.965 - 85.033) )/ 2 )
=48.362/( (627.515+672.932)/ 2 )
=48.362/650.2235
=7.44 %

Victoria Gold'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 )
=-20.108/( ( (757.965 - 85.033) + (764.744 - 95.444) )/ 2 )
=-20.108/( ( 672.932 + 669.3 )/ 2 )
=-20.108/671.116
=-3.00 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -3.00% mean?
Victoria Gold (VITFF) has a ROCE % of -3.00% as of Mar. 2024.
Is Victoria Gold's ROCE % too high?
Victoria Gold's current ROCE % is -3.00%. Overall, Victoria Gold has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Victoria Gold's ROCE % compare to NEM?
Victoria Gold's ROCE % of -3.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Victoria Gold's current ROCE % is -3.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria Gold stock overvalued right now?
Victoria Gold (VITFF) has a current ROCE % of -3.00%. The current ROCE % is -3.00%. Victoria Gold's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Victoria Gold (VITFF), the current ROCE % is -3.00% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Victoria Gold Business Description

Address 80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4
Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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