TinOne Resources (TSXV:TORC) ROCE % : -27.94% (As of Dec. 2023)

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What is TinOne Resources 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. TinOne Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.94%.

TinOne Resources ROCE % Historical Data

The historical data trend for TinOne Resources'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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TinOne Resources ROCE % Chart

TinOne Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-138.46

-86.70

-74.96

-101.81

-52.35

TinOne Resources Quarterly Data
	Jun19	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-40.56	-42.08	-	-30.88	-27.94

TinOne Resources ROCE % Calculation

TinOne Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.79	/	( ( (5.59 - 0.549)	+	(5.856 - 0.238) )	/ 2 )
	=	-2.79	/	( (5.041	+	5.618)	/ 2 )
	=	-2.79	/	5.3295
	=	-52.35 %

TinOne Resources'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 )
	=	-1.364	/	( ( (5.586 - 0.245)	+	(4.797 - 0.375) )	/ 2 )
	=	-1.364	/	( ( 5.341	+	4.422 )	/ 2 )
	=	-1.364	/	4.8815
	=	-27.94 %

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

TinOne Resources (TSXV:TORC) 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.

TinOne Resources ROCE % Related Terms

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TinOne Resources (TSXV:TORC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TinOne Resources Inc (TSXV:TORC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TORCF:USA 57Z0:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E 3V7

Website

https://www.tinone.ca

TinOne Resources Inc is a mining exploration company. Its mineral exploration activities are focused on underexplored regions in Eastern Australia and New Zealand with an immediate strategy to assemble a portfolio of high-quality gold assets. The company's projects include the Panama Gold Project, Great Pyramid Tin Project, Aberfoyle Tin Project, NSW Tin Projects, and Otago Goldfields Applications.