TRCTF (Traction Uranium) ROCE % : -111.25% (As of Mar. 2024)

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What is Traction Uranium 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. Traction Uranium's annualized ROCE % for the quarter that ended in Mar. 2024 was -111.25%.

Traction Uranium ROCE % Historical Data

The historical data trend for Traction Uranium'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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Traction Uranium ROCE % Chart

Traction Uranium Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-85.06

-456.47

-208.05

Traction Uranium Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-204.41	-118.77	-	-90.03	-111.25

Traction Uranium ROCE % Calculation

Traction Uranium'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 )
	=	-6.954	/	( ( (2.88 - 0.017)	+	(3.915 - 0.093) )	/ 2 )
	=	-6.954	/	( (2.863	+	3.822)	/ 2 )
	=	-6.954	/	3.3425
	=	-208.05 %

Traction Uranium'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-3.876	/	( ( (4.065 - 0.067)	+	(3.022 - 0.052) )	/ 2 )
	=	-3.876	/	( ( 3.998	+	2.97 )	/ 2 )
	=	-3.876	/	3.484
	=	-111.25 %

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

Traction Uranium (OTCPK:TRCTF) 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.

Traction Uranium ROCE % Related Terms

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Traction Uranium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Traction Uranium Corp (OTCPK:TRCTF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Z1K0:Germany TRAC:Canada

Address

505 3 Street Southwest, Suite 610, Calgary, AB, CAN, T2P 3E6

Website

https://tractionuranium.com

Traction Uranium Corp is engaged in the acquisition, exploration, and evaluation of resource properties. The projects of the company include Key Lake South, Hearty Bay, Whitewater Property, and Others.