Toubani Resources (FRA:3V20) ROCE % : -161.02% (As of Dec. 2024)

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What is Toubani Resources 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. Toubani Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -161.02%.

Toubani Resources ROCE % Historical Data

The historical data trend for Toubani Resources'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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Toubani Resources ROCE % Chart

Toubani Resources Annual Data

Trend

Dec22

Dec23

Dec24

ROCE %

-107.94

-153.49

-136.67

Toubani Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	-	-310.38	-129.70	-274.58	-161.02

Toubani Resources ROCE % Calculation

Toubani Resources's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-4.987	/	( ( (2.629 - 0.535)	+	(5.657 - 0.453) )	/ 2 )
	=	-4.987	/	( (2.094	+	5.204)	/ 2 )
	=	-4.987	/	3.649
	=	-136.67 %

Toubani Resources'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 )
	=	-5.3	/	( ( (1.727 - 0.348)	+	(5.657 - 0.453) )	/ 2 )
	=	-5.3	/	( ( 1.379	+	5.204 )	/ 2 )
	=	-5.3	/	3.2915
	=	-161.02 %

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

Toubani Resources (FRA:3V20) 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.

Toubani Resources ROCE % Related Terms

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Toubani Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toubani Resources Ltd (FRA:3V20) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TOUBF:USA TRE:Australia

Address

1202 Hay Street, Suite 1600, Toronto, WA, AUS, 6005

Website

https://www.toubaniresources.com

Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

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