Gold Terra Resource (TSXV:YGT) ROCE % : -4.11% (As of Dec. 2023)

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What is Gold Terra Resource 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. Gold Terra Resource's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.11%.

Gold Terra Resource ROCE % Historical Data

The historical data trend for Gold Terra Resource'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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Gold Terra Resource ROCE % Chart

Gold Terra Resource Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

ROCE %

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-5.01

-5.65

-4.81

-5.27

-4.43

Gold Terra Resource Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.26	-4.16	-5.31	-3.95	-4.11

Gold Terra Resource ROCE % Calculation

Gold Terra Resource'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 )
	=	-2.179	/	( ( (49.141 - 0.904)	+	(50.864 - 0.699) )	/ 2 )
	=	-2.179	/	( (48.237	+	50.165)	/ 2 )
	=	-2.179	/	49.201
	=	-4.43 %

Gold Terra Resource'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 )
	=	-2.068	/	( ( (50.951 - 0.467)	+	(50.864 - 0.699) )	/ 2 )
	=	-2.068	/	( ( 50.484	+	50.165 )	/ 2 )
	=	-2.068	/	50.3245
	=	-4.11 %

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

Gold Terra Resource (TSXV:YGT) 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.

Gold Terra Resource ROCE % Related Terms

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Gold Terra Resource (TSXV:YGT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

YGTFF:USA TX0:Germany

Address

325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7

Website

https://www.goldterracorp.com

Gold Terra Resource Corp is primarily engaged in the acquisition, exploration and development of mineral properties. Its main focus is on the Yellowknife City Gold Project. Other projects of the company include the Stewart property and the Mulligan property.

Executives

Gerald Panneton

Senior Officer

Gold Terra Resource (TSXV:YGT) Headlines

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