Original Sixteen to One Mine ROCE
What is the ROCE of Original Sixteen to One Mine?
The ROCE of Original Sixteen to One Mine, Inc. is -1.32%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Materials sector on OTC compared to Original Sixteen to One Mine
What does Original Sixteen to One Mine do?
Original Sixteen to One Mine, Inc. explores for, produces, and operates gold properties in California. It primarily operates Alleghany Mining District, a hard rock underground gold mine in California. The company holds 26 patented claims covering an area of 470 acres; 160 acres of mineral rights on patented claims; and approximately 320 acres of unpatented claims in the Alleghany properties. Original Sixteen to One Mine, Inc. was founded in 1896 and is based in Alleghany, California.
Companies with roce similar to Original Sixteen to One Mine
- Hennessy Capital Acquisition Corp IV has ROCE of -1.34%
- Hennessy Capital Acquisition IV has ROCE of -1.34%
- Canoo has ROCE of -1.34%
- Torstar has ROCE of -1.34%
- dMY Technology has ROCE of -1.34%
- Art`s-way Manufacturing Co has ROCE of -1.33%
- Original Sixteen to One Mine has ROCE of -1.32%
- INVISIO Communications AB (publ) has ROCE of -1.31%
- 9F Inc has ROCE of -1.30%
- Sierra Madre Gold and Silver has ROCE of -1.30%
- Pine Trail Real Estate Investment Trust has ROCE of -1.30%
- Pyxis Tankers Inc has ROCE of -1.29%
- Ashiana Housing has ROCE of -1.29%