Glenstar Ventures (XCNQ:GSTR) ROCE % : -95.21% (As of Dec. 2024)

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What is Glenstar Ventures 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. Glenstar Ventures's annualized ROCE % for the quarter that ended in Dec. 2024 was -95.21%.

Glenstar Ventures ROCE % Historical Data

The historical data trend for Glenstar Ventures'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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Glenstar Ventures ROCE % Chart

Glenstar Ventures Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-8.52

-68.53

-162.71

Glenstar Ventures Quarterly Data
	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial			-91.39	-137.66	-558.24	-335.55	-95.21

Glenstar Ventures ROCE % Calculation

Glenstar Ventures's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.24	/	( ( (0.309 - 0.042)	+	(0.304 - 0.276) )	/ 2 )
	=	-0.24	/	( (0.267	+	0.028)	/ 2 )
	=	-0.24	/	0.1475
	=	-162.71 %

Glenstar Ventures's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-0.676	/	( ( (0.901 - 0.116)	+	(0.745 - 0.11) )	/ 2 )
	=	-0.676	/	( ( 0.785	+	0.635 )	/ 2 )
	=	-0.676	/	0.71
	=	-95.21 %

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

Glenstar Ventures (XCNQ:GSTR) 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.

Glenstar Ventures ROCE % Related Terms

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Glenstar Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Glenstar Ventures Inc (XCNQ:GSTR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VO2:Germany

Address

1140 - 625 Howe Street, Vancouver, BC, CAN, V6C 2T6

Website

https://www.glenstar.ca

Glenstar Ventures Inc is engaged in the acquisition and exploration of mineral properties. It is mainly focused on Nickel, Cobalt, and Copper exploration. Company projects include Green Monster Property which is located in Clark County, Nevada.

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