Tesoro Minerals (TSXV:TES) ROCE % : -136.59% (As of Apr. 2024)

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What is Tesoro 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. Tesoro Minerals's annualized ROCE % for the quarter that ended in Apr. 2024 was -136.59%.

Tesoro Minerals ROCE % Historical Data

The historical data trend for Tesoro 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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Tesoro Minerals ROCE % Chart

Tesoro Minerals Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-311.18

-128.42

-145.45

-137.20

-317.56

Tesoro Minerals Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															-1,422.22	-770.37	-94.32	-98.06	-136.59

Tesoro Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.208	/	( ( (0.068 - 0.024)	+	(0.126 - 0.039) )	/ 2 )
	=	-0.208	/	( (0.044	+	0.087)	/ 2 )
	=	-0.208	/	0.0655
	=	-317.56 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-0.252	/	( ( (0.113 - 0.045)	+	(0.334 - 0.033) )	/ 2 )
	=	-0.252	/	( ( 0.068	+	0.301 )	/ 2 )
	=	-0.252	/	0.1845
	=	-136.59 %

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

Tesoro Minerals (TSXV:TES) 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.

Tesoro Minerals ROCE % Related Terms

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Tesoro Minerals Business Description

Industry

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

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Traded in Other Exchanges

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Address

409 Granville Street, Suite 1005, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tesorominerals.com

Tesoro Minerals Corp is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, and evaluation of resource properties.

Executives

David Brian Elliott

10% Security Holder

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