TG Metals (ASX:TG6) ROCE % : -12.19% (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is TG 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. TG Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -12.19%.

TG Metals ROCE % Historical Data

The historical data trend for TG 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.

* Premium members only.

TG Metals ROCE % Chart

TG Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-33.20

-21.59

-25.07

TG Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-18.14	-24.97	-28.97	-13.33	-12.19

TG Metals ROCE % Calculation

TG 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 )
	=	-2.273	/	( ( (5.276 - 0.173)	+	(14.009 - 0.981) )	/ 2 )
	=	-2.273	/	( (5.103	+	13.028)	/ 2 )
	=	-2.273	/	9.0655
	=	-25.07 %

TG 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 )
	=	-1.548	/	( ( (14.009 - 0.981)	+	(12.657 - 0.278) )	/ 2 )
	=	-1.548	/	( ( 13.028	+	12.379 )	/ 2 )
	=	-1.548	/	12.7035
	=	-12.19 %

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

TG Metals (ASX:TG6) 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.

TG Metals ROCE % Related Terms

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

TG Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TG Metals Ltd (ASX:TG6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Ord Street, Suite 3, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.tgmetals.com.au

TG Metals Ltd is an exploration company. The firm's purpose is to pursue nickel, lithium, gold, and other mineral exploration and potential development opportunities in Western Australia and globally. It holds interest in Lake Johnston projects and Bremer Range Project.

TG Metals Headlines

No Headlines