TechGen Metals (ASX:TG1) ROCE % : -47.08% (As of Dec. 2024)

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What is TechGen Metals 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. TechGen Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -47.08%.

TechGen Metals ROCE % Historical Data

The historical data trend for TechGen Metals'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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TechGen Metals ROCE % Chart

TechGen Metals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-36.57

-27.60

-39.98

-27.21

TechGen Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				-20.15	-52.08	-16.44	-38.00	-47.08

TechGen Metals ROCE % Calculation

TechGen Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.674	/	( ( (5.854 - 0.233)	+	(6.85 - 0.166) )	/ 2 )
	=	-1.674	/	( (5.621	+	6.684)	/ 2 )
	=	-1.674	/	6.1525
	=	-27.21 %

TechGen Metals'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 )
	=	-3.068	/	( ( (6.85 - 0.166)	+	(6.539 - 0.191) )	/ 2 )
	=	-3.068	/	( ( 6.684	+	6.348 )	/ 2 )
	=	-3.068	/	6.516
	=	-47.08 %

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

TechGen Metals (ASX:TG1) 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.

TechGen Metals ROCE % Related Terms

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TechGen Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TechGen Metals Ltd (ASX:TG1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

683 Murray Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.techgenmetals.com.au

TechGen Metals Ltd is a junior exploration company with highly prospective gold and copper exploration projects located in the Yilgarn Craton, Paterson Orogen, and Ashburton Basin in Western Australia. It has prospective gold and copper project areas in Western Australia. The company is also engaged in projects such as John Bull Project, and North Nifty Project, Kimberley Projects, Ashburton Projects. The Group operates in one geographical segment being Australia.

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