Thunder Gold (TSXV:TGOL) ROCE % : -3.90% (As of Jan. 2024)

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What is Thunder 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. Thunder Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -3.90%.

Thunder Gold ROCE % Historical Data

The historical data trend for Thunder 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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Thunder Gold ROCE % Chart

Thunder Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-121.52

-38.59

17.43

-15.91

13.16

Thunder Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															89.39	-4.88	-10.43	-8.28	-3.90

Thunder Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	1.059	/	( ( (7.392 - 0.184)	+	(9.775 - 0.885) )	/ 2 )
	=	1.059	/	( (7.208	+	8.89)	/ 2 )
	=	1.059	/	8.049
	=	13.16 %

Thunder 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 )
	=	-0.336	/	( ( (9.124 - 0.475)	+	(9.071 - 0.491) )	/ 2 )
	=	-0.336	/	( ( 8.649	+	8.58 )	/ 2 )
	=	-0.336	/	8.6145
	=	-3.90 %

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

Thunder Gold (TSXV:TGOL) 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.

Thunder Gold ROCE % Related Terms

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Thunder Gold (TSXV:TGOL) Business Description

Industry

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

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TGOLF:USA

Address

684 Squier Street, Thunder Bay, ON, CAN, P7B 4A8

Website

https://www.thundergoldcorp.com

Thunder Gold Corp is a junior exploration company. The company's flagship property is the Tower Mountain gold project, located in northwestern Ontario, fifty km west of Thunder Bay. The firm also holds a 100% interest in the Pen Property (Au) and the Seagull Lake Property (PGEs), both located in northwestern ON. In addition, the Company has optioned the following properties to other companies: Okohongo (Cu-Ag) and Dorwit (Cu-Ag) in Namibia, Vanguard-Iris Lake (Au), and Far Lake (CuAg) in ON and the Startrek (Au-Ag) property in NF.

Executives

Elliot Strashin

10% Security Holder, Director, Senior Officer

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