Thesis Gold Holdings (FRA:011) ROCE % : -3.63% (As of Mar. 2023)

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What is Thesis Gold Holdings 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. Thesis Gold Holdings's annualized ROCE % for the quarter that ended in Mar. 2023 was -3.63%.

Thesis Gold Holdings ROCE % Historical Data

The historical data trend for Thesis Gold Holdings'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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Thesis Gold Holdings ROCE % Chart

Thesis Gold Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-14.84

-21.17

-13.64

Thesis Gold Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial										-37.73	-3.87	-6.45	-5.45	-3.63

Thesis Gold Holdings ROCE % Calculation

Thesis Gold Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-4.046	/	( ( (20.651 - 0.7)	+	(40.775 - 1.396) )	/ 2 )
	=	-4.046	/	( (19.951	+	39.379)	/ 2 )
	=	-4.046	/	29.665
	=	-13.64 %

Thesis Gold Holdings's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-1.412	/	( ( (40.775 - 1.396)	+	(38.848 - 0.366) )	/ 2 )
	=	-1.412	/	( ( 39.379	+	38.482 )	/ 2 )
	=	-1.412	/	38.9305
	=	-3.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Thesis Gold Holdings (FRA:011) 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.

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Thesis Gold Holdings (FRA:011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thesis Gold Holdings Inc (FRA:011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 West Hastings Street, Suite 780, Vancouver, BC, CAN, V6E 2J3

Website

https://www.thesisgold.com

Thesis Gold Holdings Inc is a mineral exploration company focused on developing the resource potential of the Ranch Gold Project located in the area of British Columbia.

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