Asante GoldASGOF -2.02%38 3-Year ROIIC % is -10.59 as of Jan. 2024. GuruFocus rates ASGOF with a GF Score™ of 38/100 and a GF Value™ of $1.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,300 Metals & Mining companies, Asante Gold ranks worse than 61.04% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Asante Gold's 3-Year ROIIC % for the quarter that ended in Jan. 2024 was -10.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Asante Gold's 3-Year ROIIC % or its related term are showing as below:
ASGOF's 3-Year ROIIC % is ranked worse than 61.04% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.525
vs ASGOF: -10.59
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Asante Gold 3-Year ROIIC % Related Terms
Asante Gold 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Asante Gold's 3-Year ROIIC % 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.
For the Gold subindustry, Asante Gold's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asante Gold 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asante Gold's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Asante Gold's 3-Year ROIIC % falls into.
Asante Gold's 3-Year ROIIC % for the quarter that ended in Jan. 2024 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -85.1508918 (Jan. 2024) - -0.519 (Jan. 2021) )
/
( 803.536 (Jan. 2024) - 4.575 (Jan. 2021) )
=
-84.6318918
/
798.961
=
-10.59%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Asante Gold (ASGOF) has a 3-Year ROIIC % of -10.59 as of Jan. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Asante Gold and its competitors. According to the industry distribution chart, Asante Gold ranks #1404 out of 2300 companies in the Metals & Mining industry, placing it in the top 61%.
Is Asante Gold's 3-Year ROIIC % too high?
Asante Gold's current 3-Year ROIIC % is -10.59. Based on the distribution chart, Asante Gold ranks #1404 out of 2300 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Asante Gold has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asante Gold's 3-Year ROIIC % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Asante Gold ranks #1404 out of 2300 companies for 3-Year ROIIC %. This places Asante Gold in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Asante Gold and its competitors. Asante Gold's current 3-Year ROIIC % is -10.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asante Gold stock overvalued right now?
Based on GuruFocus' analysis, Asante Gold (ASGOF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.02, compared to a current price of $0.57 — trading 44.3% below its estimated fair value. The current 3-Year ROIIC % is -10.59. Asante Gold's overall GF Score™ is 38/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Asante Gold (ASGOF), the current 3-Year ROIIC % is -10.59 as of Jan. 2024. 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.
Is Asante Gold (ASGOF) Overvalued in 2026?
Based on GuruFocus' analysis, Asante Gold stock appears to be undervalued.
The current stock price of $0.57 is trading 44.3% below its estimated GF Value™ of $1.02.
GuruFocus considers Asante Gold to be Possible Value Trap.
Key valuation signals for ASGOF:
3-Year ROIIC %: -10.59
GF Value™: $1.02 vs. price of $0.57 (44.3% below fair value)
No single metric tells the full story. See the ASGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asante Gold Corp business activity is the operation of its two gold mines, the Bibiani Gold Mine and the Chirano Gold Mine, in the Republic of Ghana through a holding of interest in its subsidiaries. The Company is conducting exploration activities on properties assessed to be of merit for locating additional mineral resources, and has acquired or has options to acquire mining concession rights to additional properties in Ghana, where it is actively engaged in exploration and evaluation activities. The Company reports the results of two operating segments, the Bibiani Gold Mine and the Chirano Gold Mine, which generate maximum revenue.
38GF Score
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