Goldeneye Resources (TSXV:GOE.H) ROCE % : -92.89% (As of Jan. 2022)

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What is Goldeneye Resources 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. Goldeneye Resources's annualized ROCE % for the quarter that ended in Jan. 2022 was -92.89%.

Goldeneye Resources ROCE % Historical Data

The historical data trend for Goldeneye Resources'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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Goldeneye Resources ROCE % Chart

Goldeneye Resources Annual Data

Trend

Mar12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

ROCE %

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-94.24

-400.00

-180.75

Goldeneye Resources Quarterly Data
	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22
ROCE %	Get a 7-Day Free Trial															-104.47	-334.08	-73.36	-178.00	-92.89

Goldeneye Resources ROCE % Calculation

Goldeneye Resources's annualized ROCE % for the fiscal year that ended in Apr. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2021 )		(A: Apr. 2020 )		(A: Apr. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2021 )		(A: Apr. 2020 )		(A: Apr. 2021 )
	=	-0.432	/	( ( (0.006 - 0.099)	+	(0.68 - 0.109) )	/ 2 )
	=	-0.432	/	( (-0.093	+	0.571)	/ 2 )
	=	-0.432	/	0.239
	=	-180.75 %

Goldeneye Resources's ROCE % of for the quarter that ended in Jan. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2022 )		(Q: Oct. 2021 )		(Q: Jan. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2022 )		(Q: Oct. 2021 )		(Q: Jan. 2022 )
	=	-0.536	/	( ( (0.751 - 0.109)	+	(0.598 - 0.086) )	/ 2 )
	=	-0.536	/	( ( 0.642	+	0.512 )	/ 2 )
	=	-0.536	/	0.577
	=	-92.89 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2022) EBIT data.

Goldeneye Resources (TSXV:GOE.H) 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.

Goldeneye Resources ROCE % Related Terms

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Goldeneye Resources (TSXV:GOE.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldeneye Resources Corp (TSXV:GOE.H) » Definitions » ROCE %

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Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.goldeneyeresources.ca

Goldeneye Resources Corp is a mineral exploration company engaged in exploration of precious metal and base metal projects in North America. The company has signed definitive agreements with Unity Resources Inc to acquire interest in mineral claims known as the Roberts Arm, Grand Lake and Gander River Ultramafic Belt East (GRUBE) projects. The projects are in the province of Newfoundland. The company has also signed a definitive agreement with Windfall Geotek for the Corallen Lake property.

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