Thesis Gold (TSXV:TAU) ROCE %

: -1.44% (As of Nov. 2023)

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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. Thesis Gold's annualized ROCE % for the quarter that ended in Nov. 2023 was -1.44%.

Thesis Gold ROCE % Historical Data

The historical data trend for Thesis Gold'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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Thesis Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-63.77

-17.18

-12.25

-13.81

-3.28

Thesis Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-3.19	-2.05	-2.67	-3.66	-1.44

Thesis Gold ROCE % Calculation

Thesis Gold's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-3.887	/	( ( (120.558 - 11.604)	+	(129.617 - 1.445) )	/ 2 )
	=	-3.887	/	( (108.954	+	128.172)	/ 2 )
	=	-3.887	/	118.563
	=	-3.28 %

Thesis Gold's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-2.528	/	( ( (181.561 - 11.169)	+	(184.819 - 5.022) )	/ 2 )
	=	-2.528	/	( ( 170.392	+	179.797 )	/ 2 )
	=	-2.528	/	175.0945
	=	-1.44 %

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

Thesis Gold (TSXV:TAU) 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.

Thesis Gold ROCE % Related Terms

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Thesis Gold (TSXV:TAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thesis Gold Inc (TSXV:TAU) » Definitions » ROCE %

Comparable Companies

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THSGF:USA 0110:Germany

Address

10545-45 Avenue NW, 250 Southridge NW, Suite 300, Edmonton, AB, CAN, T6H 4M9

Website

https://www.benchmarkmetals.com

Thesis Gold Inc Formerly Benchmark Metals Inc is a gold and silver company advancing its 100% owned Lawyer's Gold-Silver Project located in the Golden Horseshoe of northern British Columbia, Canada. The project consists of three mineralized deposits that remain open for expansion, in addition to plus 20 new target areas along the 20-kilometre trend.

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