Great Republic Mining (XCNQ:GRM) ROCE % : -70.66% (As of Dec. 2023)

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What is Great Republic Mining 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. Great Republic Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -70.66%.

Great Republic Mining ROCE % Historical Data

The historical data trend for Great Republic Mining'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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Great Republic Mining ROCE % Chart

Great Republic Mining Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-5.47

-31.27

-21.89

Great Republic Mining Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-13.93	-7.08	-37.38	-6.14	-70.66

Great Republic Mining ROCE % Calculation

Great Republic Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.123	/	( ( (0.648 - 0.034)	+	(0.566 - 0.056) )	/ 2 )
	=	-0.123	/	( (0.614	+	0.51)	/ 2 )
	=	-0.123	/	0.562
	=	-21.89 %

Great Republic Mining'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 )
	=	-0.36	/	( ( (0.593 - 0.061)	+	(0.552 - 0.065) )	/ 2 )
	=	-0.36	/	( ( 0.532	+	0.487 )	/ 2 )
	=	-0.36	/	0.5095
	=	-70.66 %

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

Great Republic Mining (XCNQ:GRM) 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.

Great Republic Mining ROCE % Related Terms

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Great Republic Mining (XCNQ:GRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Republic Mining Corp (XCNQ:GRM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

303-543 Granville Street, Vancouver, BC, CAN, V6C 1X8

Website

https://www.greatrepublic.ca

Great Republic Mining Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. It is an exploration stage mining company with one exploration property, the Porcher Mineral Property located in the Skeena Mining Division, British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Porcher Island Project.

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