Provenance Gold (Provenance Gold) ROCE % : -10.24% (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Provenance 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. Provenance Gold's annualized ROCE % for the quarter that ended in Sep. 2023 was -10.24%.

Provenance Gold ROCE % Historical Data

The historical data trend for Provenance 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.

* Premium members only.

Provenance Gold ROCE % Chart

Provenance Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-37.55

-266.17

-33,700.00

-59.12

-18.57

Provenance Gold Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-17.76	-13.57	-12.19	-48.25	-10.24

Provenance Gold ROCE % Calculation

Provenance Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.386	/	( ( (2.331 - 0.097)	+	(1.995 - 0.071) )	/ 2 )
	=	-0.386	/	( (2.234	+	1.924)	/ 2 )
	=	-0.386	/	2.079
	=	-18.57 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.228	/	( ( (1.912 - 0.072)	+	(2.662 - 0.05) )	/ 2 )
	=	-0.228	/	( ( 1.84	+	2.612 )	/ 2 )
	=	-0.228	/	2.226
	=	-10.24 %

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

Provenance Gold (OTCPK:PVGDF) 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.

Provenance Gold ROCE % Related Terms

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

Provenance Gold (Provenance Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Provenance Gold Corp (OTCPK:PVGDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PAU:Canada

Address

885 West Georgia Street, Suite 2200, HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.provenancegold.com

Provenance Gold Corp is a junior exploration company, that engages in the identification, acquisition, and exploration of mineral interests in Canada. The company explores gold and other precious materials. The company holds an interest in White Rock, Eldorado, Mineral Hill and Silver Bow. It has a single industry segment being the acquisition, exploration and development of mineral properties.

Provenance Gold (Provenance Gold) Headlines

No Headlines