Tearlach Resources (Tearlach Resources) ROCE % : -53.81% (As of Dec. 2023)

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What is Tearlach 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. Tearlach Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -53.81%.

Tearlach Resources ROCE % Historical Data

The historical data trend for Tearlach 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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Tearlach Resources ROCE % Chart

Tearlach Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-373.25

Tearlach Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-260.96	-169.29	-	-53.81

Tearlach Resources ROCE % Calculation

Tearlach Resources'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 )
	=	-4.8	/	( ( (0.1 - 0.401)	+	(3.21 - 0.337) )	/ 2 )
	=	-4.8	/	( (-0.301	+	2.873)	/ 2 )
	=	-4.8	/	1.286
	=	-373.25 %

Tearlach Resources'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.508	/	( ( (3.21 - 0.337)	+	(3.088 - 0.356) )	/ 2 )
	=	-1.508	/	( ( 2.873	+	2.732 )	/ 2 )
	=	-1.508	/	2.8025
	=	-53.81 %

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

Tearlach Resources (OTCPK:TELHF) 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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Tearlach Resources (Tearlach Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tearlach Resources Ltd (OTCPK:TELHF) » Definitions » ROCE %

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V44:Germany TEA:Canada

Address

789 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1H2

Website

https://www.tearlach.ca

Tearlach Resources Ltd is a British Columbia, Canada incorporated company engaged in the acquisition, exploration, and development of lithium projects in the Americas. Its projects include The Pakwan lithium project, the Gabriel project, the Margo lake property, The Shelby project, and The New Frontier Project.