Snowy Owl Gold (XCNQ:SNOW) ROCE % : -294.12% (As of Nov. 2023)

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What is Snowy Owl Gold 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. Snowy Owl Gold's annualized ROCE % for the quarter that ended in Nov. 2023 was -294.12%.

Snowy Owl Gold ROCE % Historical Data

The historical data trend for Snowy Owl 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.

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Snowy Owl Gold ROCE % Chart

Snowy Owl Gold Annual Data

Trend

May20

May21

May22

May23

ROCE %

-11.69

-38.67

-59.25

-138.53

Snowy Owl Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial												-147.64	-397.12	-107.69	-120.75	-294.12

Snowy Owl Gold ROCE % Calculation

Snowy Owl Gold's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.16	/	( ( (0.224 - 0.053)	+	(0.131 - 0.071) )	/ 2 )
	=	-0.16	/	( (0.171	+	0.06)	/ 2 )
	=	-0.16	/	0.1155
	=	-138.53 %

Snowy Owl Gold's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.1	/	( ( (0.122 - 0.076)	+	(0.111 - 0.089) )	/ 2 )
	=	-0.1	/	( ( 0.046	+	0.022 )	/ 2 )
	=	-0.1	/	0.034
	=	-294.12 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Snowy Owl Gold (XCNQ:SNOW) 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.

Snowy Owl Gold ROCE % Related Terms

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Snowy Owl Gold (XCNQ:SNOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snowy Owl Gold Corp (XCNQ:SNOW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.snowyowlgold.com

Snowy Owl Gold Corp is engaged in the acquisition and exploration of gold property assets. The company projects include Golden Eagle, Riviere Lois and Panache Property.