TRX Gold (TSX:TRX) ROCE % : 38.30% (As of Aug. 2024)

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What is TRX Gold 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. TRX Gold's annualized ROCE % for the quarter that ended in Aug. 2024 was 38.30%.

TRX Gold ROCE % Historical Data

The historical data trend for TRX Gold'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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TRX Gold ROCE % Chart

TRX Gold Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-42.21

-13.52

-2.75

23.73

17.26

TRX Gold Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															21.91	9.76	18.58	2.10	38.30

TRX Gold ROCE % Calculation

TRX Gold's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	16.86	/	( ( (113.485 - 24.004)	+	(134.993 - 29.062) )	/ 2 )
	=	16.86	/	( (89.481	+	105.931)	/ 2 )
	=	16.86	/	97.706
	=	17.26 %

TRX Gold's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	38.812	/	( ( (126.576 - 29.825)	+	(134.993 - 29.062) )	/ 2 )
	=	38.812	/	( ( 96.751	+	105.931 )	/ 2 )
	=	38.812	/	101.341
	=	38.30 %

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

TRX Gold (TSX:TRX) 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.

TRX Gold ROCE % Related Terms

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TRX Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TRX Gold Corp (TSX:TRX) » Definitions » ROCE %

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TRX:USA

Address

277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3

Website

https://www.trxgold.com

TRX Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.