Thunderbird Minerals (TSXV:BIRD) ROCE % : -21.64% (As of Sep. 2024)

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What is Thunderbird Minerals 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. Thunderbird Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -21.64%.

Thunderbird Minerals ROCE % Historical Data

The historical data trend for Thunderbird Minerals'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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Thunderbird Minerals ROCE % Chart

Thunderbird Minerals Annual Data

Trend

Dec22

Dec23

ROCE %

-30.60

Thunderbird Minerals Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-64.46	-20.86	-17.52	-25.18	-21.64

Thunderbird Minerals ROCE % Calculation

Thunderbird Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.414	/	( ( (0 - 0)	+	(1.387 - 0.034) )	/ 1 )
	=	-0.414	/	( (0	+	1.353)	/ 1 )
	=	-0.414	/	1.353
	=	-30.60 %

Thunderbird Minerals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.256	/	( ( (1.236 - 0.021)	+	(1.174 - 0.023) )	/ 2 )
	=	-0.256	/	( ( 1.215	+	1.151 )	/ 2 )
	=	-0.256	/	1.183
	=	-21.64 %

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

Thunderbird Minerals (TSXV:BIRD) 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.

Thunderbird Minerals ROCE % Related Terms

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Thunderbird Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thunderbird Minerals Corp (TSXV:BIRD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TBRDF:USA

Address

650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N9

Website

http://www.thunderbirdminerals.ca

Thunderbird Minerals Corp focuses on acquiring and developing exploration and evaluation assets. The firm focuses on the discovery of new precious metal and copper projects through systematic exploration in metal-endowed terranes located in tier-one mining jurisdictions. Its drill-ready projects include Bullseye in the Wels District of the Yukon Territories, the Eagle Mountain Gold Project in the Cassiar Gold District in northern British Columbia, and the Argo Copper and Gold Project near Quesnel.

Executives

John Newell

Senior Officer