GoldHaven Resources (XCNQ:GOH) ROCE % : -83.17% (As of Apr. 2024)

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What is GoldHaven 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. GoldHaven Resources's annualized ROCE % for the quarter that ended in Apr. 2024 was -83.17%.

GoldHaven Resources ROCE % Historical Data

The historical data trend for GoldHaven 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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GoldHaven Resources ROCE % Chart

GoldHaven Resources Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

-65.92

-73.10

-24.76

-18.78

GoldHaven Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial														-18.44	-48.22	-28.84	-31.03	-83.17

GoldHaven Resources ROCE % Calculation

GoldHaven Resources's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.086	/	( ( (10.365 - 0.219)	+	(1.731 - 0.311) )	/ 2 )
	=	-1.086	/	( (10.146	+	1.42)	/ 2 )
	=	-1.086	/	5.783
	=	-18.78 %

GoldHaven Resources's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-1.124	/	( ( (1.72 - 0.442)	+	(1.768 - 0.343) )	/ 2 )
	=	-1.124	/	( ( 1.278	+	1.425 )	/ 2 )
	=	-1.124	/	1.3515
	=	-83.17 %

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

GoldHaven Resources (XCNQ:GOH) 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.

GoldHaven Resources ROCE % Related Terms

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GoldHaven Resources (XCNQ:GOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldHaven Resources Corp (XCNQ:GOH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GHVNF:USA 4QS0:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.goldhavenresources.com

GoldHaven Resources Corp is a Canadian Junior exploration company engaged in the identification, acquisition, and exploration of mineral resources in Canada and Chile. The Company has two reportable geographical segments. Canada is the Company's principal operating business and includes its Adam West Project, Smoke Mountain Project, and Pat's Pond and O'Neill Projects, the Canadian corporate office, and the company's management while Chile includes the Rio Loa, Coya, and Apolo Projects.

Executives

W. Scott Dunbar

Director

GoldHaven Resources (XCNQ:GOH) Headlines

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