Trench Metals (TSXV:TMC) ROCE % : -19.31% (As of Jan. 2024)

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What is Trench 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. Trench Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -19.31%.

Trench Metals ROCE % Historical Data

The historical data trend for Trench 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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Trench Metals ROCE % Chart

Trench Metals Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-117.34

-18.50

-105.64

-30.00

-72.14

Trench Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-6.97	-13.20	-354.00	11.29	-19.31

Trench Metals ROCE % Calculation

Trench Metals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.69	/	( ( (0.825 - 0.072)	+	(1.185 - 0.025) )	/ 2 )
	=	-0.69	/	( (0.753	+	1.16)	/ 2 )
	=	-0.69	/	0.9565
	=	-72.14 %

Trench Metals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.24	/	( ( (1.185 - 0.025)	+	(1.395 - 0.069) )	/ 2 )
	=	-0.24	/	( ( 1.16	+	1.326 )	/ 2 )
	=	-0.24	/	1.243
	=	-19.31 %

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

Trench Metals (TSXV:TMC) 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.

Trench Metals ROCE % Related Terms

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Trench Metals (TSXV:TMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Trench Metals Corp (TSXV:TMC) » Definitions » ROCE %

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NVTQF:USA 33H2:Germany

Address

250 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.trenchmetals.com

Trench Metals Corp is engaged in the business of exploration and mining metals. The company focuses on the Gorilla Lake Uranium Project and Higginson Lake Uranium Project.