Troy Minerals (XCNQ:TROY) ROCE % : -83.87% (As of Feb. 2024)

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What is Troy Minerals 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. Troy Minerals's annualized ROCE % for the quarter that ended in Feb. 2024 was -83.87%.

Troy Minerals ROCE % Historical Data

The historical data trend for Troy Minerals'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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Troy Minerals ROCE % Chart

Troy Minerals Annual Data

Trend

May22

May23

ROCE %

-19.94

-51.88

Troy Minerals Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial						-30.95	-61.13	-226.82	-57.94	-83.87

Troy Minerals ROCE % Calculation

Troy Minerals's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.304	/	( ( (0.642 - 0.02)	+	(0.635 - 0.085) )	/ 2 )
	=	-0.304	/	( (0.622	+	0.55)	/ 2 )
	=	-0.304	/	0.586
	=	-51.88 %

Troy Minerals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-3.532	/	( ( (4.276 - 0.27)	+	(4.563 - 0.146) )	/ 2 )
	=	-3.532	/	( ( 4.006	+	4.417 )	/ 2 )
	=	-3.532	/	4.2115
	=	-83.87 %

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

Troy Minerals (XCNQ:TROY) 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.

Troy Minerals ROCE % Related Terms

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Troy Minerals (XCNQ:TROY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Troy Minerals Inc (XCNQ:TROY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TROYF:USA VJ3:Germany

Address

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

Website

https://www.troyminerals.com

Troy Minerals Inc is a mining exploration company engaged in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Canada. The company holds 100% interest in the Green Gold Property which consists of 12 mineral claims covering an area of approximately 7,587 hectares located near Prince George, British Columbia.

Executives

Rana Gurvinder Vig

Director, Senior Officer

Troy Minerals (XCNQ:TROY) Headlines

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