Returns On Capital Are Showing Encouraging Signs At Orla Mining (TSE:OLA) [Yahoo! Finance]
Orla Mining Ltd. Common Shares (ORLA)
Company Research
Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Orla Mining's (TSE:OLA) returns on capital, so let's have a look. Return On Capital Employed (ROCE): What Is It? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Orla Mining, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.17 = US$97m ÷ (US$648m - US$60m) (Based on the trailing twelve months to September 2023) Thus, Orla Mining has an ROCE of 17%. On its own, that's a standard return, however it's much better than the
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News
- Orla Mining (TSE:OLA) delivers shareholders fantastic 39% CAGR over 5 years, surging 4.2% in the last week alone [Yahoo! Finance]Yahoo! Finance
- Orla Mining Closes Acquisition of Contact Gold [Yahoo! Finance]Yahoo! Finance
- Orla Mining: Good Upside Potential, But At A Lower Price [Seeking Alpha]Seeking Alpha
- Orla Mining Starts 2024 with Continued Strong Operating Performance at Camino Rojo [Yahoo! Finance]Yahoo! Finance
- Showcase Minerals Prepares for April Drill Program at Dixie Flats-North Star Gold Project in Nevada [Yahoo! Finance]Yahoo! Finance
ORLA
Sec Filings
- 4/29/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- ORLA's page on the SEC website