Tincorp Metals (TSXV:TIN) ROCE % : -0.80% (As of Mar. 2024)

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What is Tincorp Metals 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. Tincorp Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.80%.

Tincorp Metals ROCE % Historical Data

The historical data trend for Tincorp Metals'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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Tincorp Metals ROCE % Chart

Tincorp Metals Annual Data

Trend

Jun20

Dec21

Dec22

Dec23

ROCE %

-12.04

-7.61

-15.87

Tincorp Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-6.14	-7.00	-6.12	-42.23	-0.80

Tincorp Metals ROCE % Calculation

Tincorp Metals'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 )
	=	-4.449	/	( ( (29.923 - 0.818)	+	(28.408 - 1.444) )	/ 2 )
	=	-4.449	/	( (29.105	+	26.964)	/ 2 )
	=	-4.449	/	28.0345
	=	-15.87 %

Tincorp Metals'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 )
	=	-0.216	/	( ( (28.408 - 1.444)	+	(28.655 - 1.766) )	/ 2 )
	=	-0.216	/	( ( 26.964	+	26.889 )	/ 2 )
	=	-0.216	/	26.9265
	=	-0.80 %

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

Tincorp Metals (TSXV:TIN) 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.

Tincorp Metals ROCE % Related Terms

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Tincorp Metals (TSXV:TIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tincorp Metals Inc (TSXV:TIN) » Definitions » ROCE %

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Traded in Other Exchanges

TINFF:USA

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

https://www.tincorp.com

Tincorp Metals Inc is focused on its wholly owned Skukum Gold Project located in the Whitehorse Mining District of the southern Yukon. The project consists of 1,051 mineral claims covering an area of 170 square kilometres and is located approximately 55 kilometres south of Whitehorse, Yukon. The project hosts the advanced-stage Skukum Creek, Goddell and Mount Skukum high-grade gold deposits and multiple high-priority exploration targets. Project infrastructure includes an all-weather access road, an all-weather 50-person camp, approximately 4.8 kilometres of underground workings, an extensive surface road network and a previously operating 300-tpd mill along with a tailings management facility and service buildings.

Executives

Rui Feng

Director

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