Torr Metals (TSXV:TMET) ROCE % : -5.07% (As of Jan. 2024)

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What is Torr Metals 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. Torr Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -5.07%.

Torr Metals ROCE % Historical Data

The historical data trend for Torr Metals'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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Torr Metals ROCE % Chart

Torr Metals Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

-82.22

-22.61

-18.73

-6.13

Torr Metals 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															-5.81	-6.44	-4.26	-4.39	-5.07

Torr Metals ROCE % Calculation

Torr Metals'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 )
	=	-0.512	/	( ( (8.273 - 0.231)	+	(9.079 - 0.421) )	/ 2 )
	=	-0.512	/	( (8.042	+	8.658)	/ 2 )
	=	-0.512	/	8.35
	=	-6.13 %

Torr Metals'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 )
	=	-0.448	/	( ( (9.124 - 0.249)	+	(8.941 - 0.13) )	/ 2 )
	=	-0.448	/	( ( 8.875	+	8.811 )	/ 2 )
	=	-0.448	/	8.843
	=	-5.07 %

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

Torr Metals (TSXV:TMET) 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.

Torr Metals ROCE % Related Terms

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Torr Metals (TSXV:TMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torr Metals Inc (TSXV:TMET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 West Hastings Street, Suite 780, Vancouver, BC, CAN, V6E 2J3

Website

https://www.torrmetals.com

Torr Metals Inc is a mineral exploration company. It focused on proving and developing its 100% owned district-scale Latham Copper-Gold Project, located within the prolific Golden Triangle of northern British Columbia, Canada.

Executives

John Williamson

Director, Senior Officer

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