Cabral Gold (Cabral Gold) ROCE % : -92.08% (As of Dec. 2023)

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What is Cabral 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. Cabral Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -92.08%.

Cabral Gold ROCE % Historical Data

The historical data trend for Cabral 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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Cabral Gold ROCE % Chart

Cabral Gold Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-123.49

-84.39

-135.39

-160.35

22.39

Cabral Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-104.77	-84.06	-93.56	-81.95	-92.08

Cabral Gold ROCE % Calculation

Cabral Gold's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	0.959	/	( ( (4.639 - 2.078)	+	(6.436 - 0.43) )	/ 2 )
	=	0.959	/	( (2.561	+	6.006)	/ 2 )
	=	0.959	/	4.2835
	=	22.39 %

Cabral Gold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-6.068	/	( ( (8.331 - 1.157)	+	(6.436 - 0.43) )	/ 2 )
	=	-6.068	/	( ( 7.174	+	6.006 )	/ 2 )
	=	-6.068	/	6.59
	=	-92.08 %

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

Cabral Gold (OTCPK:CBGZF) 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.

Cabral Gold ROCE % Related Terms

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Cabral Gold (Cabral Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cabral Gold Inc (OTCPK:CBGZF) » Definitions » ROCE %

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Traded in Other Exchanges

C3J:Germany CBR:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cabralgold.com

Cabral Gold Inc is a junior resource exploration company. It is engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. It has two projects, The Cuiu Cuiu gold project, and The Bom Jardim project. The Cuiu Cuiu gold project consists of several shear zone-hosted gold deposits that occur within granitic rocks of the Cuiu Cuiu Complex, in the Tapajos Region of northern Brazil. Its Bom Jardim project is located northwest of the Cuiu Cuiu property and North West of Eldorado's Tocantinzinho deposit.