Tinka Resources (TSXV:TK) ROCE % : -1.78% (As of Dec. 2024)

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What is Tinka Resources 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. Tinka Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.78%.

Tinka Resources ROCE % Historical Data

The historical data trend for Tinka Resources'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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Tinka Resources ROCE % Chart

Tinka Resources Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-4.96

-2.41

-3.07

-2.15

-1.89

Tinka Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-2.25	-1.82	-2.17	-1.44	-1.78

Tinka Resources ROCE % Calculation

Tinka Resources's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-1.421	/	( ( (76.47 - 0.657)	+	(75.028 - 0.438) )	/ 2 )
	=	-1.421	/	( (75.813	+	74.59)	/ 2 )
	=	-1.421	/	75.2015
	=	-1.89 %

Tinka Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-1.34	/	( ( (75.028 - 0.438)	+	(76.452 - 0.339) )	/ 2 )
	=	-1.34	/	( ( 74.59	+	76.113 )	/ 2 )
	=	-1.34	/	75.3515
	=	-1.78 %

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

Tinka Resources (TSXV:TK) 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.

Tinka Resources ROCE % Related Terms

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Tinka Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tinka Resources Ltd (TSXV:TK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TKRFF:USA 0VKV:UK TLD:Germany

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.tinkaresources.com

Tinka Resources Ltd is a junior mineral exploration company that is engaged in the acquisition and exploration of precious and base metals on mineral properties located in Canada and Peru. It explores zinc, silver, lead, tin, copper, and gold deposits. The company's projects include Ayawilca Zinc Zone, Colqui Silver Zone, Ayawilca Tin Zone, and Silvia Copper-Gold Project.

Executives

Nick Demare	Director, Senior Officer
Pieter J. Britz	Director
Raul Eduardo Pedro Benavides	Director
Benedict Mckeown	Director
Graham Donald Carman	Director, Senior Officer