Trailbreaker Resources (Trailbreaker Resources) ROCE % : -9.90% (As of Sep. 2023)

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What is Trailbreaker Resources 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. Trailbreaker Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -9.90%.

Trailbreaker Resources ROCE % Historical Data

The historical data trend for Trailbreaker Resources'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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Trailbreaker Resources ROCE % Chart

Trailbreaker Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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30.11

-19.26

-10.63

-7.52

-12.22

Trailbreaker Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-8.81	-6.06	-8.84	-11.54	-9.90

Trailbreaker Resources ROCE % Calculation

Trailbreaker Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.441	/	( ( (4.034 - 0.207)	+	(3.47 - 0.079) )	/ 2 )
	=	-0.441	/	( (3.827	+	3.391)	/ 2 )
	=	-0.441	/	3.609
	=	-12.22 %

Trailbreaker Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.436	/	( ( (4.572 - 0.122)	+	(4.535 - 0.18) )	/ 2 )
	=	-0.436	/	( ( 4.45	+	4.355 )	/ 2 )
	=	-0.436	/	4.4025
	=	-9.90 %

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

Trailbreaker Resources (OTCPK:APRAF) 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.

Trailbreaker Resources ROCE % Related Terms

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Trailbreaker Resources (Trailbreaker Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trailbreaker Resources Ltd (OTCPK:APRAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KCG:Germany TBK:Canada

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N9

Website

https://www.trailbreakerresources.com

Trailbreaker Resources Ltd is a mineral exploration company focusing on acquiring and developing exploration and evaluation assets. Its 100%-owned flagship Plateau Property is located in the Yukon Territory. The other properties of the company are McMurdo and Skelly, among others.

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