Talon Metals (TSX:TLO) ROCE % : -0.81% (As of Dec. 2023)

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What is Talon 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. Talon Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.81%.

Talon Metals ROCE % Historical Data

The historical data trend for Talon 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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Talon Metals ROCE % Chart

Talon Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.24

-3.59

-6.32

-2.36

-1.22

Talon Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.77	-1.71	-1.24	-1.30	-0.81

Talon Metals ROCE % Calculation

Talon 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 )
	=	-2.726	/	( ( (218.195 - 4.196)	+	(237.066 - 4.419) )	/ 2 )
	=	-2.726	/	( (213.999	+	232.647)	/ 2 )
	=	-2.726	/	223.323
	=	-1.22 %

Talon Metals'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 )
	=	-1.824	/	( ( (218.973 - 3.392)	+	(237.066 - 4.419) )	/ 2 )
	=	-1.824	/	( ( 215.581	+	232.647 )	/ 2 )
	=	-1.824	/	224.114
	=	-0.81 %

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

Talon Metals (TSX:TLO) 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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Talon Metals (TSX:TLO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Talon Metals Corp (TSX:TLO) » Definitions » ROCE %

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TLOFF:USA TAO:Germany

Address

Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, VGB

Website

https://www.talonmetals.com

Talon Metals Corp is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. The Tamarack Nickel Project comprises a large land position with additional high-grade intercepts outside the current resource area. Talon is focused on expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators and following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.