i-80 Gold (STU:8JI) ROCE % : -4.73% (As of Mar. 2024)

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What is i-80 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. i-80 Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.73%.

i-80 Gold ROCE % Historical Data

The historical data trend for i-80 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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i-80 Gold ROCE % Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

15.67

-12.92

-7.25

i-80 Gold Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-7.54	-8.27	1.74	-13.82	-4.73

i-80 Gold ROCE % Calculation

i-80 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 )
	=	-41.094	/	( ( (606.009 - 80.853)	+	(663.626 - 55.799) )	/ 2 )
	=	-41.094	/	( (525.156	+	607.827)	/ 2 )
	=	-41.094	/	566.4915
	=	-7.25 %

i-80 Gold's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-27.352	/	( ( (663.626 - 55.799)	+	(668.662 - 120.144) )	/ 2 )
	=	-27.352	/	( ( 607.827	+	548.518 )	/ 2 )
	=	-27.352	/	578.1725
	=	-4.73 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

i-80 Gold (STU:8JI) 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.

i-80 Gold ROCE % Related Terms

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i-80 Gold (STU:8JI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (STU:8JI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany IAU:Canada

Address

1100 Russell Street, Thunder Bay, ON, CAN, P7B 5N2

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold producer and developer holding an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company's primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

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