Trigg Minerals (ASX:TMG) ROCE % : -56.91% (As of Dec. 2023)

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What is Trigg Minerals 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. Trigg Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -56.91%.

Trigg Minerals ROCE % Historical Data

The historical data trend for Trigg Minerals'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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Trigg Minerals ROCE % Chart

Trigg Minerals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

-214.26

-138.41

-29.51

-48.99

-365.21

Trigg Minerals Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						-25.21	-65.66	-166.53	-56.91	-372.63

Trigg Minerals ROCE % Calculation

Trigg Minerals'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 )
	=	-3.968	/	( ( (1.398 - 0.209)	+	(1.745 - 0.761) )	/ 2 )
	=	-3.968	/	( (1.189	+	0.984)	/ 2 )
	=	-3.968	/	1.0865
	=	-365.21 %

Trigg Minerals'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 )
	=	-1.102	/	( ( (1.398 - 0.209)	+	(2.894 - 0.21) )	/ 2 )
	=	-1.102	/	( ( 1.189	+	2.684 )	/ 2 )
	=	-1.102	/	1.9365
	=	-56.91 %

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

Trigg Minerals (ASX:TMG) 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.

Trigg Minerals ROCE % Related Terms

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Trigg Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trigg Minerals Ltd (ASX:TMG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TMGLF:USA

Address

389 Oxford Street, Level 1, Mount Hawthorn, Perth, WA, AUS, 6019

Website

https://www.trigg.com.au

Trigg Minerals Ltd is exploring for the essential potassium mineral fertiliser, sulphate of potash (SOP) or potassium sulphate (K2SO4), which provides necessary nutrients for agricultural production and human nutrition. The company's segment includes Mineral exploration and Corporate administration.

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