Fairchild Gold (TSXV:FAIR) ROCE % : -391.61% (As of Feb. 2024)

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What is Fairchild 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. Fairchild Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was -391.61%.

Fairchild Gold ROCE % Historical Data

The historical data trend for Fairchild 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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Fairchild Gold ROCE % Chart

Fairchild Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-75.28

-68.77

-174.87

-569.08

Fairchild Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial											-232.61	-227.09	-281.39	-153.38	-391.61

Fairchild Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.589	/	( ( (0.244 - 0.196)	+	(0.496 - 0.337) )	/ 2 )
	=	-0.589	/	( (0.048	+	0.159)	/ 2 )
	=	-0.589	/	0.1035
	=	-569.08 %

Fairchild Gold's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.28	/	( ( (0.497 - 0.39)	+	(0.483 - 0.447) )	/ 2 )
	=	-0.28	/	( ( 0.107	+	0.036 )	/ 2 )
	=	-0.28	/	0.0715
	=	-391.61 %

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

Fairchild Gold (TSXV:FAIR) 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.

Fairchild Gold ROCE % Related Terms

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Fairchild Gold (TSXV:FAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fairchild Gold Corp (TSXV:FAIR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West, Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.fairchildgold.com

Fairchild Gold Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada ,specifically gold, in North America. The Fairchild Lake Property located in the Patricia Mining Division, north-western Ontario consists of 25 single-cell and multi-cell claims. The Property lies in the western arm of the Savant Lake greenstone belt.

Executives

Victor Cantore

Director

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