Terramin Australia (ASX:TZN) ROCE % : -21.23% (As of Dec. 2023)

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What is Terramin Australia 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. Terramin Australia's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.23%.

Terramin Australia ROCE % Historical Data

The historical data trend for Terramin Australia'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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Terramin Australia ROCE % Chart

Terramin Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.90

-4.15

-7.09

-53.35

-11.11

Terramin Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.96	-4.66	-99.41	-2.21	-21.23

Terramin Australia ROCE % Calculation

Terramin Australia'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 )
	=	-2.278	/	( ( (65.332 - 41.305)	+	(65.249 - 48.253) )	/ 2 )
	=	-2.278	/	( (24.027	+	16.996)	/ 2 )
	=	-2.278	/	20.5115
	=	-11.11 %

Terramin Australia'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 )
	=	-4.056	/	( ( (65.735 - 44.515)	+	(65.249 - 48.253) )	/ 2 )
	=	-4.056	/	( ( 21.22	+	16.996 )	/ 2 )
	=	-4.056	/	19.108
	=	-21.23 %

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

Terramin Australia (ASX:TZN) 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.

Terramin Australia ROCE % Related Terms

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Terramin Australia (ASX:TZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Terramin Australia Ltd (ASX:TZN) » Definitions » ROCE %

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Address

2115 Callington Road, Strathalbyn, SA, AUS, 5255

Website

https://www.terramin.com.au

Terramin Australia Ltd is engaged in development and exploration of base and precious metals and other economic mineral deposits. Its projects include Tala Hamza Zinc Project, Bird-in-Hand Gold Project, Angas Zinc Mine, and among others. It is organised into business units based on geography and has two reportable operating segments being Australia which explores, develops and mines zinc, lead and gold deposits and Northern Africa which develops a zinc deposit.

Terramin Australia (ASX:TZN) Headlines

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