Turaco Gold (ASX:TCG) ROCE % : -42.74% (As of Dec. 2024)

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What is Turaco 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. Turaco Gold's annualized ROCE % for the quarter that ended in Dec. 2024 was -42.74%.

Turaco Gold ROCE % Historical Data

The historical data trend for Turaco 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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Turaco Gold ROCE % Chart

Turaco Gold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-11.14

-39.98

-100.76

-79.71

-51.66

Turaco Gold Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-105.56	-93.12	-82.54	-97.83	-42.74

Turaco Gold ROCE % Calculation

Turaco Gold's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-16.487	/	( ( (9.619 - 0.807)	+	(69.349 - 14.337) )	/ 2 )
	=	-16.487	/	( (8.812	+	55.012)	/ 2 )
	=	-16.487	/	31.912
	=	-51.66 %

Turaco Gold's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-16.898	/	( ( (27.282 - 3.229)	+	(69.349 - 14.337) )	/ 2 )
	=	-16.898	/	( ( 24.053	+	55.012 )	/ 2 )
	=	-16.898	/	39.5325
	=	-42.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Turaco Gold (ASX:TCG) 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.

Turaco Gold ROCE % Related Terms

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Turaco Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Turaco Gold Ltd (ASX:TCG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Ord Street, Level 1, Perth, WA, AUS, 6005

Website

https://www.turacogold.com.au

Turaco Gold Ltd is engaged in the acquisition, exploration, and development of mineral interests, prospective for precious metals and other mineral deposits. Its exploration projects consist of the Afema Gold Project and Eburnea Gold Project.

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