Thunder Mountain Gold (TSXV:THM) ROCE % : 0.00% (As of Dec. 2023)

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What is Thunder Mountain Gold 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. Thunder Mountain Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Thunder Mountain Gold ROCE % Historical Data

The historical data trend for Thunder Mountain 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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Thunder Mountain Gold ROCE % Chart

Thunder Mountain Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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88.42

-30.97

-44.96

-634.62

Thunder Mountain Gold 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															-27.54	-259.24	-307.69	-287.34	-

Thunder Mountain Gold ROCE % Calculation

Thunder Mountain Gold'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 )
	=	-0.825	/	( ( (2.339 - 1.659)	+	(1.323 - 1.743) )	/ 2 )
	=	-0.825	/	( (0.68	+	-0.42)	/ 2 )
	=	-0.825	/	0.13
	=	-634.62 %

Thunder Mountain Gold'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 )
	=	-0.832	/	( ( (1.806 - 1.695)	+	(1.323 - 1.743) )	/ 2 )
	=	-0.832	/	( ( 0.111	+	-0.42 )	/ 2 )
	=	-0.832	/	-0.1545
	=	0 %

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

Thunder Mountain Gold (TSXV:THM) 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.

Thunder Mountain Gold ROCE % Related Terms

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Thunder Mountain Gold (TSXV:THM) Business Description

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

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THMG:USA

Address

11770 W. President Drive, Suite F, Boise, ID, USA, 83713

Website

https://www.thundermountaingold.com

Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities. The company holds interests in the South Mountain and Trout Creek Project. The current land package at South Mountain consists of 17 patented mining claims encompassing approximately 326 acres, 21 unpatented mining lode claims covering approximately 290 acres, and approximately 489 acres of leased private land. In addition, the project owns 360 acres of private land (mill site) not contiguous with the mining claims. All holdings are in the South Mountain Mining District, Owyhee County, Idaho.