TDG Gold (TSXV:TDG) ROCE % : -49.07% (As of Jan. 2024)

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What is TDG 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. TDG Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -49.07%.

TDG Gold ROCE % Historical Data

The historical data trend for TDG 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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TDG Gold ROCE % Chart

TDG Gold Annual Data

Trend

Dec18

Dec19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-27.50

-40.29

-76.39

-99.70

-66.89

TDG Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-59.86	-41.87	-65.74	-91.80	-49.07

TDG Gold ROCE % Calculation

TDG Gold's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-6.712	/	( ( (15.508 - 3.232)	+	(9.13 - 1.338) )	/ 2 )
	=	-6.712	/	( (12.276	+	7.792)	/ 2 )
	=	-6.712	/	10.034
	=	-66.89 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-3.936	/	( ( (8.807 - 0.625)	+	(8.448 - 0.588) )	/ 2 )
	=	-3.936	/	( ( 8.182	+	7.86 )	/ 2 )
	=	-3.936	/	8.021
	=	-49.07 %

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

TDG Gold (TSXV:TDG) 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.

TDG Gold ROCE % Related Terms

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TDG Gold (TSXV:TDG) Business Description

Industry

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

Comparable Companies

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34M:Germany

Address

Unit 1 - 15782 Marine Drive, White Rock, BC, CAN, V4B 1E6

Website

https://www.tdggold.com

TDG Gold Corp is a junior mineral exploration company focused predominantly on the exploration and evaluation of mineral resources properties located in northeastern British Columbia. The firm has undertaken several projects namely the Nueva Esperanza project in Chile, Baker-Shasta, Mets, Bot projects, and others. It operates in a single segment.