Tambourah Metals (ASX:TMB) ROCE % : -8.64% (As of Dec. 2023)

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What is Tambourah 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. Tambourah Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.64%.

Tambourah Metals ROCE % Historical Data

The historical data trend for Tambourah 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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Tambourah Metals ROCE % Chart

Tambourah Metals Annual Data

Trend

Jun22

Jun23

ROCE %

-6.17

-8.00

Tambourah Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-9.84	-2.38	-10.43	-5.72	-8.64

Tambourah Metals ROCE % Calculation

Tambourah Metals'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 )
	=	-0.601	/	( ( (7.845 - 0.166)	+	(7.949 - 0.594) )	/ 2 )
	=	-0.601	/	( (7.679	+	7.355)	/ 2 )
	=	-0.601	/	7.517
	=	-8.00 %

Tambourah 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.75	/	( ( (7.949 - 0.594)	+	(10.332 - 0.32) )	/ 2 )
	=	-0.75	/	( ( 7.355	+	10.012 )	/ 2 )
	=	-0.75	/	8.6835
	=	-8.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Tambourah Metals (ASX:TMB) 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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Tambourah Metals (ASX:TMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tambourah Metals Ltd (ASX:TMB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2/10 Ord Street, Unit 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.tambourahmetals.com.au

Tambourah Metals Ltd develops high-quality gold and nickel projects. It has two gold projects including Tambourah and Cheela, and two Nickel-PGE-Gold projects including Achilles and Julimar North and others The firm has organised its operations into two reportable segments on the basis of stage of development being Development assets and Exploration and evaluation assets.

Tambourah Metals (ASX:TMB) Headlines

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