Tanami Gold NL (ASX:TAM) ROCE % : -17.49% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is Tanami Gold NL 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. Tanami Gold NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.49%.

Tanami Gold NL ROCE % Historical Data

The historical data trend for Tanami Gold NL'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.

* Premium members only.

Tanami Gold NL ROCE % Chart

Tanami Gold NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-2.32

-1.70

-2.05

-5.94

-7.54

Tanami Gold NL 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															38.08	-45.86	-10.87	-4.14	-17.49

Tanami Gold NL ROCE % Calculation

Tanami Gold NL's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.283	/	( ( (57.992 - 0.502)	+	(57.001 - 0.932) )	/ 2 )
	=	-4.283	/	( (57.49	+	56.069)	/ 2 )
	=	-4.283	/	56.7795
	=	-7.54 %

Tanami Gold NL'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 )
	=	-9.546	/	( ( (57.001 - 0.932)	+	(53.279 - 0.204) )	/ 2 )
	=	-9.546	/	( ( 56.069	+	53.075 )	/ 2 )
	=	-9.546	/	54.572
	=	-17.49 %

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

Tanami Gold NL (ASX:TAM) 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.

Tanami Gold NL ROCE % Related Terms

Thank you for viewing the detailed overview of Tanami Gold NL's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tanami Gold NL (ASX:TAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tanami Gold NL (ASX:TAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Mends Street, Unit 202, Level 2, Echelon, South Perth, Perth, WA, AUS, 6151

Website

https://www.tanami.com.au

Tanami Gold NL is a mineral exploration company that is engaged in gold mining operations. Its principal activity is to develop its Central Tanami Project in the Tanami Desert in the Northern Territory.

Tanami Gold NL (ASX:TAM) Headlines

No Headlines