TNTMF (Transition Metals) ROCE % : -39.45% (As of May. 2024)

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What is Transition Metals 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. Transition Metals's annualized ROCE % for the quarter that ended in May. 2024 was -39.45%.

Transition Metals ROCE % Historical Data

The historical data trend for Transition Metals'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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Transition Metals ROCE % Chart

Transition Metals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-16.84

-14.38

-1.92

-26.47

-45.91

Transition Metals Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															-28.59	-81.04	-47.73	-24.17	-39.45

Transition Metals ROCE % Calculation

Transition Metals's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.311	/	( ( (3.743 - 0.291)	+	(2.545 - 0.286) )	/ 2 )
	=	-1.311	/	( (3.452	+	2.259)	/ 2 )
	=	-1.311	/	2.8555
	=	-45.91 %

Transition Metals's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-0.764	/	( ( (2.176 - 0.171)	+	(2.035 - 0.167) )	/ 2 )
	=	-0.764	/	( ( 2.005	+	1.868 )	/ 2 )
	=	-0.764	/	1.9365
	=	-39.45 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2024) EBIT data.

Transition Metals (OTCPK:TNTMF) 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.

Transition Metals ROCE % Related Terms

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Transition Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Transition Metals Corp (OTCPK:TNTMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XTM:Canada

Address

9 1351C Kelly Lake Road, Sudbury, ON, CAN, P3E 5P5

Website

https://www.transitionmetalscorp.com

Transition Metals Corp is a mineral exploration company. It evaluates, acquires, explores, and develops mineral properties in Canada and the United States. The company's projects include Gowganda Gold, Pipestone, Homathko, and Maude Lake among others.

Transition Metals Headlines

From GuruFocus

Transition Metals Corp at Emerging Growth Conference (Virtual) Transcript

By GuruFocus Research • 02-15-2024