Tertiary Minerals (STU:TMU) ROCE % : -58.72% (As of Mar. 2024)

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What is Tertiary 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. Tertiary Minerals's annualized ROCE % for the quarter that ended in Mar. 2024 was -58.72%.

Tertiary Minerals ROCE % Historical Data

The historical data trend for Tertiary 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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Tertiary Minerals ROCE % Chart

Tertiary Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-13.66

-27.41

-38.48

-44.61

-53.36

Tertiary Minerals Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-38.81	-43.97	-60.81	-43.74	-58.72

Tertiary Minerals ROCE % Calculation

Tertiary Minerals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.5	/	( ( (1.032 - 0.093)	+	(1.016 - 0.081) )	/ 2 )
	=	-0.5	/	( (0.939	+	0.935)	/ 2 )
	=	-0.5	/	0.937
	=	-53.36 %

Tertiary Minerals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-0.628	/	( ( (1.016 - 0.081)	+	(1.279 - 0.075) )	/ 2 )
	=	-0.628	/	( ( 0.935	+	1.204 )	/ 2 )
	=	-0.628	/	1.0695
	=	-58.72 %

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

Tertiary Minerals (STU:TMU) 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.

Tertiary Minerals ROCE % Related Terms

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Tertiary Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tertiary Minerals PLC (STU:TMU) » Definitions » ROCE %

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TTIRF:USA TYM:UK TMU:Germany

Address

Queens Avenue, Silk Point, Macclesfield, Cheshire, GBR, SK10 2BB

Website

https://www.tertiaryminerals.com

Tertiary Minerals PLC is involved in the identification, acquisition, exploration and development of mineral deposits including precious metals, base metals, and industrial minerals in Nevada, the USA, and Northern Europe. The company has one reporting segment, the management of exploration projects, which is supported by a Head Office function. Its projects include Konkola West Copper Project, Mukai Copper Project, Mushima North Copper Project, Jacks Copper Project, Lubuila Project, Mupala Project, Brunton Pass Copper-Gold Project, Storuman Fluorspar Project, Lassedalen Fluorspar Project.

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