Trifecta Gold (TSXV:TG) ROCE % : -12.56% (As of Mar. 2024)

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What is Trifecta 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. Trifecta Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.56%.

Trifecta Gold ROCE % Historical Data

The historical data trend for Trifecta 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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Trifecta Gold ROCE % Chart

Trifecta Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.42

-8.25

-10.94

-6.16

-5.49

Trifecta Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-5.04	-5.00	-3.52	-8.40	-12.56

Trifecta Gold ROCE % Calculation

Trifecta Gold'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 )
	=	-0.231	/	( ( (4.344 - 0.039)	+	(4.155 - 0.052) )	/ 2 )
	=	-0.231	/	( (4.305	+	4.103)	/ 2 )
	=	-0.231	/	4.204
	=	-5.49 %

Trifecta Gold'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 )
	=	-0.508	/	( ( (4.155 - 0.052)	+	(4.047 - 0.061) )	/ 2 )
	=	-0.508	/	( ( 4.103	+	3.986 )	/ 2 )
	=	-0.508	/	4.0445
	=	-12.56 %

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

Trifecta Gold (TSXV:TG) 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.

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Trifecta Gold (TSXV:TG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trifecta Gold Ltd (TSXV:TG) » Definitions » ROCE %

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TRRFF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.trifectagold.com

Trifecta Gold Ltd is a precious metal-focused exploration company in Canada. The company's principal business activity is the acquisition, exploration, and evaluation of mineral properties. The company focuses on exploring for gold and silver ores. It focuses on developing gold projects including Eureka Project, Trident Gold Project, Treble, and Yuge.

Executives