Gold Digger Resources (XCNQ:GDIG) ROCE % : -75.97% (As of Mar. 2024)

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What is Gold Digger Resources 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. Gold Digger Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -75.97%.

Gold Digger Resources ROCE % Historical Data

The historical data trend for Gold Digger Resources'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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Gold Digger Resources ROCE % Chart

Gold Digger Resources Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-134.72

-50.62

Gold Digger Resources Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-27.06	-47.95	-67.62	-66.24	-75.97

Gold Digger Resources ROCE % Calculation

Gold Digger Resources'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 )
	=	-0.244	/	( ( (0.621 - 0.025)	+	(0.378 - 0.01) )	/ 2 )
	=	-0.244	/	( (0.596	+	0.368)	/ 2 )
	=	-0.244	/	0.482
	=	-50.62 %

Gold Digger Resources'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 )
	=	-0.264	/	( ( (0.378 - 0.01)	+	(0.342 - 0.015) )	/ 2 )
	=	-0.264	/	( ( 0.368	+	0.327 )	/ 2 )
	=	-0.264	/	0.3475
	=	-75.97 %

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

Gold Digger Resources (XCNQ:GDIG) 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.

Gold Digger Resources ROCE % Related Terms

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Gold Digger Resources (XCNQ:GDIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Digger Resources Inc (XCNQ:GDIG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GDIGF:USA

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.gdresourcesinc.com

Gold Digger Resources Inc is a mineral resource exploration and exploitation company with a concentration in battery and precious metals. The company's material property is the Regnault Project, consisting of approximately 71 contiguous mineral claims covering an area of approximately 23,678 Ha located north-northeast of Chibougamau in the Province of Quebec.

Executives

Blair Lawrence Naughty

10% Security Holder

Gold Digger Resources (XCNQ:GDIG) Headlines

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