Tombstone Exploration (Tombstone Exploration) ROCE % : -77.63% (As of Dec. 2021)

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What is Tombstone Exploration 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. Tombstone Exploration's annualized ROCE % for the quarter that ended in Dec. 2021 was -77.63%.

Tombstone Exploration ROCE % Historical Data

The historical data trend for Tombstone Exploration'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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Tombstone Exploration ROCE % Chart

Tombstone Exploration Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-707.13

-76.46

-77.63

Tombstone Exploration Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21
ROCE %	Get a 7-Day Free Trial															-	-	-707.13	-76.46	-77.63

Tombstone Exploration ROCE % Calculation

Tombstone Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-1.825	/	( ( (3.053 - 0.546)	+	(3.04 - 0.845) )	/ 2 )
	=	-1.825	/	( (2.507	+	2.195)	/ 2 )
	=	-1.825	/	2.351
	=	-77.63 %

Tombstone Exploration's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Dec. 2020 )		(Q: Dec. 2021 )
	=	-1.825	/	( ( (3.053 - 0.546)	+	(3.04 - 0.845) )	/ 2 )
	=	-1.825	/	( ( 2.507	+	2.195 )	/ 2 )
	=	-1.825	/	2.351
	=	-77.63 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2021) EBIT data.

Tombstone Exploration (OTCPK:TMBXF) 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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Tombstone Exploration (Tombstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tombstone Exploration Corp (OTCPK:TMBXF) » Definitions » ROCE %

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Address

6529 E. Friess Drive, Scottsdale, AZ, USA, 85254

Website

https://www.tombstonemining.com

Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.