Gabo Mining (TSXV:GAB) ROCE % : 0.00% (As of Mar. 2024)

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What is Gabo 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. Gabo Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Gabo Mining ROCE % Historical Data

The historical data trend for Gabo 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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Gabo Mining ROCE % Chart

Gabo Mining Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-200.64

-54.02

-296.31

Gabo Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-3,561.70	-	-	-	-

Gabo Mining ROCE % Calculation

Gabo Mining's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-1.497	/	( ( (1.21 - 1.572)	+	(0.257 - 2.391) )	/ 2 )
	=	-1.497	/	( (-0.362	+	-2.134)	/ 2 )
	=	-1.497	/	-1.248
	=	119.95 %

Gabo Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.408	/	( ( (0.319 - 2.233)	+	(0.257 - 2.391) )	/ 2 )
	=	-0.408	/	( ( -1.914	+	-2.134 )	/ 2 )
	=	-0.408	/	-2.024
	=	0 %

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

Gabo Mining (TSXV:GAB) 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.

Gabo Mining ROCE % Related Terms

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Gabo Mining Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gabo Mining Ltd (TSXV:GAB) » Definitions » ROCE %

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MLLOF:USA MRD:Germany

Address

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

Website

https://www.gabomining.com

Gabo Mining Ltd is seeking opportunities in the resource sector within the Americas and has developed a proprietary process and related business model to achieve low-cost extraction of rare earth elements (REE's) from monazite. REE's are critical inputs to electric and hybrid vehicles, robotics, electronics, imaging systems, wind turbines, and strategic defense systems. GABO utilizes the Life Cycle Assessment methodology to support investment and process decision-making.