Goldrea Resources (XCNQ:GOR) ROCE % : 0.00% (As of Jan. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Goldrea 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. Goldrea Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Goldrea Resources ROCE % Historical Data

The historical data trend for Goldrea 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.

* Premium members only.

Goldrea Resources ROCE % Chart

Goldrea Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

Get a 7-Day Free Trial

-343.05

-1,256.86

-209.46

-558.85

Goldrea Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Goldrea Resources ROCE % Calculation

Goldrea Resources's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.251	/	( ( (0.071 - 0.173)	+	(0.039 - 0.245) )	/ 2 )
	=	-0.251	/	( (-0.102	+	-0.206)	/ 2 )
	=	-0.251	/	-0.154
	=	162.99 %

Goldrea Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.184	/	( ( (0.037 - 0.283)	+	(0.024 - 0.315) )	/ 2 )
	=	-0.184	/	( ( -0.246	+	-0.291 )	/ 2 )
	=	-0.184	/	-0.2685
	=	0 %

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

Goldrea Resources (XCNQ:GOR) 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.

Goldrea Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Goldrea Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Goldrea Resources (XCNQ:GOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldrea Resources Corp (XCNQ:GOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GORAF:USA GOJ1:Germany

Address

889 West Pender Street, Suite 606, Vancouver, BC, CAN, V6C 3B2

Website

https://www.goldrea.com

Goldrea Resources Corp is engaged in the business of exploration and development of mineral properties. The mineral properties of the company are located in geographic regions of Canada, the USA, and Peru. The properties of the group located in Canada are Cannonball property, Link property.

Executives

David Tingey	Director
Allan Eratie	Director

Goldrea Resources (XCNQ:GOR) Headlines

No Headlines