Getchell Gold (XCNQ:GTCH) ROCE % : -3,035.66% (As of Dec. 2023)

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What is Getchell 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. Getchell Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -3,035.66%.

Getchell Gold ROCE % Historical Data

The historical data trend for Getchell 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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Getchell Gold ROCE % Chart

Getchell Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-635.03

-275.96

-176.07

-315.43

Getchell Gold Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-369.97	-445.91	-314.72	-772.12	-3,035.66

Getchell Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-7.124	/	( ( (4.132 - 0.069)	+	(0.586 - 0.132) )	/ 2 )
	=	-7.124	/	( (4.063	+	0.454)	/ 2 )
	=	-7.124	/	2.2585
	=	-315.43 %

Getchell Gold'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 )
	=	-15.664	/	( ( (0.494 - 0.202)	+	(0.993 - 0.253) )	/ 2 )
	=	-15.664	/	( ( 0.292	+	0.74 )	/ 2 )
	=	-15.664	/	0.516
	=	-3,035.66 %

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

Getchell Gold (XCNQ:GTCH) 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.

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Getchell Gold (XCNQ:GTCH) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Getchell Gold Corp (XCNQ:GTCH) » Definitions » ROCE %

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GGLDF:USA GGA1:Germany

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.getchellgold.com

Getchell Gold Corp is a resource company committed to responsible exploration focused on gold and copper in Nevada. The company's projects are Fondaway canyon, Star, Dixie comstock, and Hot springs peak projects. Getchell Gold is directing its efforts on Fondaway Canyon, a past gold producer with an in-the-ground historic resources, and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Along with Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.