Trans Canada Gold (TSXV:TTG) ROCE % : 28.81% (As of Mar. 2024)

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What is Trans Canada Gold 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. Trans Canada Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.81%.

Trans Canada Gold ROCE % Historical Data

The historical data trend for Trans Canada Gold'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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Trans Canada Gold ROCE % Chart

Trans Canada Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-79.68

-239.71

-66.79

-19.21

-25.52

Trans Canada Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-23.06	-44.16	-21.71	45.45	28.81

Trans Canada Gold ROCE % Calculation

Trans Canada Gold'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 )
	=	-0.28	/	( ( (1.447 - 0.086)	+	(1.004 - 0.171) )	/ 2 )
	=	-0.28	/	( (1.361	+	0.833)	/ 2 )
	=	-0.28	/	1.097
	=	-25.52 %

Trans Canada Gold'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 )
	=	0.264	/	( ( (1.16 - 0.276)	+	(1.168 - 0.219) )	/ 2 )
	=	0.264	/	( ( 0.884	+	0.949 )	/ 2 )
	=	0.264	/	0.9165
	=	28.81 %

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

Trans Canada Gold (TSXV:TTG) 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.

Trans Canada Gold ROCE % Related Terms

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Trans Canada Gold (TSXV:TTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trans Canada Gold Corp (TSXV:TTG) » Definitions » ROCE %

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RCTRF:USA

Address

750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.transcanadagold.com

Trans Canada Gold Corp is a gold and mineral exploration and Oil & Gas Resource Development Company. It is focused on developing its District Scale Gold exploration project in Ontario. The company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets. The company operates in two reportable segments, being exploration of mineral assets and petroleum production.

Executives

Daniel Scholefield

10% Security Holder

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