TGMGF (Theta Gold Mines) ROCE % : -62.44% (As of Dec. 2023)

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What is Theta Gold Mines 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. Theta Gold Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -62.44%.

Theta Gold Mines ROCE % Historical Data

The historical data trend for Theta Gold Mines'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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Theta Gold Mines ROCE % Chart

Theta Gold Mines Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-71.11

-42.15

-52.53

-54.37

-110.51

Theta Gold Mines Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-52.06	-37.58	-62.44	-62.44	-109.55

Theta Gold Mines ROCE % Calculation

Theta Gold Mines'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 )
	=	-4.581	/	( ( (19.853 - 9.178)	+	(19.603 - 13.426) )	/ 2 )
	=	-4.581	/	( (10.675	+	6.177)	/ 2 )
	=	-4.581	/	8.426
	=	-54.37 %

Theta Gold Mines'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 )
	=	-3.71	/	( ( (19.603 - 13.426)	+	(20.665 - 14.958) )	/ 2 )
	=	-3.71	/	( ( 6.177	+	5.707 )	/ 2 )
	=	-3.71	/	5.942
	=	-62.44 %

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

Theta Gold Mines (OTCPK:TGMGF) 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.

Theta Gold Mines ROCE % Related Terms

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Theta Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Theta Gold Mines Ltd (OTCPK:TGMGF) » Definitions » ROCE %

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3LM:Germany TGM:Australia

Address

100 Barangaroo Avenue, Suite 80, Level 35 (ServCorp), International Tower One, Sydney, NSW, AUS, 2000

Website

https://www.thetagoldmines.com

Theta Gold Mines Ltd is a gold exploration and development company. The company holds gold assets in the South African gold mining region. The projects of the company include the TGME Project near the historic gold mining town of Pilgrims Rest in Mpumalanga Province, and other projects.

Theta Gold Mines Headlines

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