True North Copper (ASX:TNC) ROCE %: -7.26% (As of Dec. 2025)


ASX:TNC True North Copper Ltd ASX:TNC
28 GF Score
Price A$0.38
! 6 Warning Signs
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What is True North Copper ROCE %?

True North Copper ASX:TNC -1.30% 28 ROCE % is -7.26% as of Dec. 2025. GuruFocus rates ASX:TNC with a GF Score™ of 28/100. The stock has 6 warning signs investors should review.

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. True North Copper's annualized ROCE % for the quarter that ended in Dec. 2025 was -7.26%.

True North Copper  (ASX:TNC) 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.

True North Copper ROCE % Related Terms

True North Copper ROCE % Historical Data

* Premium members only.

The historical data trend for True North Copper'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.

True North Copper ROCE % Chart

True North Copper Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROCE %
Get a 7-Day Free Trial -10.80 -10.22 -88.49 -30.34 -23.88

True North Copper Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -44.40 -25.07 -35.98 -10.42 -7.26
ASX:TNC
28GF Score
True North Copper Ltd ASX:TNC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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True North Copper ROCE % Calculation

True North Copper's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2025 )  (A: Jun. 2024 )(A: Jun. 2025 )
=-21.721/( ( (111.694 - 26.678) + (98.69 - 1.765) )/ 2 )
=-21.721/( (85.016+96.925)/ 2 )
=-21.721/90.9705
=-23.88 %

True North Copper's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=-6.936/( ( (98.69 - 1.765) + (102.383 - 8.363) )/ 2 )
=-6.936/( ( 96.925 + 94.02 )/ 2 )
=-6.936/95.4725
=-7.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -7.26% mean?
True North Copper (ASX:TNC) has a ROCE % of -7.26% as of Dec. 2025.
Is True North Copper's ROCE % too high?
True North Copper's current ROCE % is -7.26%. Overall, True North Copper has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does True North Copper's ROCE % compare to SCCO and FCX?
True North Copper's ROCE % of -7.26% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. True North Copper's current ROCE % is -7.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is True North Copper stock overvalued right now?
True North Copper (ASX:TNC) has a current ROCE % of -7.26%. The current ROCE % is -7.26%. True North Copper's overall GF Score™ is 28/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For True North Copper (ASX:TNC), the current ROCE % is -7.26% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

True North Copper Business Description

Other Exchanges G5F0:Germany
Address 10 Eagle Street, Level 15, Brisbane, QLD, AUS, 4000
True North Copper Ltd is an active mineral exploration company focused on land holdings in North and Central Queensland. It holds exploration tenements for copper, cobalt, gold, and silver, along with a free carried interest in three New South Wales copper-gold porphyry tenements. The company's main projects are the Cloncurry Copper Project, which targets IOCG and copper-gold deposits for open-pit mining, and the Mt Oxide Project, known for its high-grade copper, cobalt, and silver deposit. Its primary revenue comes from the sale of copper sulphate pentahydrate.
28GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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