Eco Oro Minerals (Eco Oro Minerals) ROCE % : 0.00% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Eco Oro Minerals 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. Eco Oro Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Eco Oro Minerals ROCE % Historical Data

The historical data trend for Eco Oro Minerals'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.

* Premium members only.

Eco Oro Minerals ROCE % Chart

Eco Oro Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-129.45

Eco Oro Minerals 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															-	-	-	-	-

Eco Oro Minerals ROCE % Calculation

Eco Oro Minerals'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 )
	=	-0.559	/	( ( (0.831 - 2.531)	+	(0.359 - 3.492) )	/ 2 )
	=	-0.559	/	( (-1.7	+	-3.133)	/ 2 )
	=	-0.559	/	-2.4165
	=	23.13 %

Eco Oro Minerals'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 )
	=	2.196	/	( ( (1.376 - 4.205)	+	(0.359 - 3.492) )	/ 2 )
	=	2.196	/	( ( -2.829	+	-3.133 )	/ 2 )
	=	2.196	/	-2.981
	=	0 %

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

Eco Oro Minerals (OTCPK:GYSLF) 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.

Eco Oro Minerals ROCE % Related Terms

Thank you for viewing the detailed overview of Eco Oro Minerals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eco Oro Minerals (Eco Oro Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eco Oro Minerals Corp (OTCPK:GYSLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GQQ:Germany EOM:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

http://www.eco-oro.com

Eco Oro Minerals Corp is a Canadian mining and exploration company. Its principal business activities include the acquisition, exploration, and development of mineral assets. The company focuses on the development of the Angostura Project in Northeastern Colombia which consists of the Angostura deposit. It has one reportable segment, being the evaluation and exploration of mineral exploration properties in one geographic region: Colombia.

Eco Oro Minerals (Eco Oro Minerals) Headlines

No Headlines