Titaniumnds (ASX:TSL) ROCE % : -6.67% (As of Dec. 2023)

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What is Titaniumnds 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. Titaniumnds's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.67%.

Titaniumnds ROCE % Historical Data

The historical data trend for Titaniumnds'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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Titaniumnds ROCE % Chart

Titaniumnds Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-23.29

-7.20

-5.06

-5.21

-6.27

Titaniumnds Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.00	-5.37	-5.91	-6.96	-6.67

Titaniumnds ROCE % Calculation

Titaniumnds's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.146	/	( ( (16.972 - 0.644)	+	(20.675 - 0.422) )	/ 2 )
	=	-1.146	/	( (16.328	+	20.253)	/ 2 )
	=	-1.146	/	18.2905
	=	-6.27 %

Titaniumnds'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 )
	=	-1.364	/	( ( (20.675 - 0.422)	+	(20.719 - 0.099) )	/ 2 )
	=	-1.364	/	( ( 20.253	+	20.62 )	/ 2 )
	=	-1.364	/	20.4365
	=	-6.67 %

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

Titaniumnds (ASX:TSL) 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.

Titaniumnds ROCE % Related Terms

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Titaniumnds (ASX:TSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Titanium Sands Ltd (ASX:TSL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.titaniumsands.com.au

Titanium Sands Ltd is an Australian-based company engaged in exploring mineral properties in Australia and Sri Lanka. It is focused on defining and developing high-grade, high value and easily minable heavy mineral sands deposits. The company has entered into an agreement with Srinel Holdings Ltd to acquire a high-grade ilmenite-leucoxene project on Mannar Island in northwest Sri Lanka. The company operates in one reportable segment, which is mineral exploration in Sri Lanka.