TMC The Metals Co (TMC The Metals Co) ROCE % : -354.78% (As of Dec. 2023)

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What is TMC The Metals Co 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. TMC The Metals Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -354.78%.

TMC The Metals Co ROCE % Historical Data

The historical data trend for TMC The Metals Co'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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TMC The Metals Co ROCE % Chart

TMC The Metals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-120.62

-194.93

-213.99

-160.84

TMC The Metals Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-603.54	0.19	-88.83	-78.01	-354.78

TMC The Metals Co ROCE % Calculation

TMC The Metals Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-72.959	/	( ( (94.777 - 41.614)	+	(68.896 - 31.334) )	/ 2 )
	=	-72.959	/	( (53.163	+	37.562)	/ 2 )
	=	-72.959	/	45.3625
	=	-160.84 %

TMC The Metals Co'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 )
	=	-187.664	/	( ( (87.574 - 19.344)	+	(68.896 - 31.334) )	/ 2 )
	=	-187.664	/	( ( 68.23	+	37.562 )	/ 2 )
	=	-187.664	/	52.896
	=	-354.78 %

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

TMC The Metals Co (NAS:TMC) 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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TMC The Metals Co (TMC The Metals Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TMC The Metals Co Inc (NAS:TMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.metals.co

TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone. Geographically, the company has its presence in Nauru, Singapore, Tonga and North America.

Executives

Craig Shesky	officer: Chief Financial Officer	570 BROOME STREET, APT. 13A, NEW YORK NY 10013
Anthony O'sullivan	officer: Chief Development Officer	19 TENNYSON STREET, BULIMBA, QUEENSLAND C3 4171
Gregory Stone	officer: Chief Ocean Scientist	17350 SUNSET BLVD., 502, PACIFIC PALISADES CA 90272
Allseas Group S.a.	10 percent owner	18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS V8 1618
Andrei Karkar	director, 10 percent owner	323 MARINA BOULEVARD, SAN FRANCISCO CA 94123
Gerard Barron	director, officer: Chief Executive Officer	APT. 6403, JADDAF WATERFRONT TOWER D1, DUBAI C0 00000
Argentum Cedit Virtuti Gcv	10 percent owner	WIEGSTRAAT 21, ANTWERPEN C9 2000
Stichting Administratiekantoor Aequa Lance Foundation	10 percent owner	C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Edward Heerema	10 percent owner	C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Allseas Investments S.a.	10 percent owner	18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618
Andrew Carlyle Greig	director	1 MACQUARIE ST, TENERIFFE, QLD C3 4005
Sheila Khama	director	PO BOX 2007, GABORONE B1 00000
Amelia Kinahoi Siamomua	director	3575 BEACHHILL DRIVE, ATLANTA GA 30340
Christian Madsbjerg	director	36 WEST 13TH STREET, NEW YORK NY 10011
Andrew Hall	director	16 BARONSFIELD ROAD, TWICKENHAM X0 TW1 2QU