Upside Gold (XCNQ:UG) ROCE %: -101.99% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XCNQ:UG Upside Gold Corp XCNQ:UG
17 GF Score
Price C$0.75
! 1 Warning Sign
View Full Analysis

What is Upside Gold ROCE %?

Upside Gold XCNQ:UG 17 ROCE % is -101.99% as of Mar. 2026. GuruFocus rates XCNQ:UG with a GF Score™ of 17/100. The stock has 1 warning sign investors should review.

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. Upside Gold's annualized ROCE % for the quarter that ended in Mar. 2026 was -101.99%.

Upside Gold  (XCNQ:UG) 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.

Upside Gold ROCE % Related Terms

Upside Gold ROCE % Historical Data

* Premium members only.

The historical data trend for Upside 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.

Upside Gold ROCE % Chart

Upside Gold Annual Data
Trend Dec23 Dec24 Dec25
ROCE %
0.00 -50.60 -98.51

Upside Gold Quarterly Data
Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only -70.46 -39.73 -36.64 -127.61 -101.99
XCNQ:UG
17GF Score
Upside Gold Corp XCNQ:UG
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Upside Gold ROCE % Calculation

Upside Gold's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-1.092/( ( (0.795 - 0.04) + (1.721 - 0.259) )/ 2 )
=-1.092/( (0.755+1.462)/ 2 )
=-1.092/1.1085
=-98.51 %

Upside Gold's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-2.352/( ( (1.721 - 0.259) + (3.349 - 0.199) )/ 2 )
=-2.352/( ( 1.462 + 3.15 )/ 2 )
=-2.352/2.306
=-101.99 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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 -101.99% mean?
Upside Gold (XCNQ:UG) has a ROCE % of -101.99% as of Mar. 2026.
Is Upside Gold's ROCE % too high?
Upside Gold's current ROCE % is -101.99%. Overall, Upside Gold has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Upside Gold's ROCE % compare to NEM and AU?
Upside Gold's ROCE % of -101.99% 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. Upside Gold's current ROCE % is -101.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upside Gold stock overvalued right now?
Upside Gold (XCNQ:UG) has a current ROCE % of -101.99%. The current ROCE % is -101.99%. Upside Gold's overall GF Score™ is 17/100 with 1 warning sign to review. 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 Upside Gold (XCNQ:UG), the current ROCE % is -101.99% as of Mar. 2026. 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.

Upside Gold Business Description

Other Exchanges 47I:Germany
Address 707-5th Street SW, Suite 500, Calgary, AB, CAN, T2P 1V8
Upside Gold Corp is engaged in the business of mineral exploration with a focus on gold and copper. Its objective is to explore and, if warranted, develop the Kena Gold-Copper Property, an exploration stage gold-copper property located in the Province of British Colombia.
17GF Score

Get the complete analysis for XCNQ:UG

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.75
Price