Total Helium (TSXV:TOH) ROCE % : -2.00% (As of Sep. 2024)

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What is Total Helium 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. Total Helium's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.00%.

Total Helium ROCE % Historical Data

The historical data trend for Total Helium'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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Total Helium ROCE % Chart

Total Helium Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

-57.04

-127.50

-76.59

Total Helium Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														-32.79	-18.07	-86.74	-3.18	-2.00

Total Helium ROCE % Calculation

Total Helium's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-6.866	/	( ( (3.128 - 0.199)	+	(16.565 - 1.565) )	/ 2 )
	=	-6.866	/	( (2.929	+	15)	/ 2 )
	=	-6.866	/	8.9645
	=	-76.59 %

Total Helium's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.296	/	( ( (16.623 - 1.687)	+	(16.439 - 1.723) )	/ 2 )
	=	-0.296	/	( ( 14.936	+	14.716 )	/ 2 )
	=	-0.296	/	14.826
	=	-2.00 %

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

Total Helium (TSXV:TOH) 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.

Total Helium ROCE % Related Terms

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Total Helium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Total Helium Ltd (TSXV:TOH) » Definitions » ROCE %

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Traded in Other Exchanges

TTLHF:USA

Address

595 Burrard Street, P.O. Box 49139, Suite 3123, Vancouver, BC, CAN, V7X 1J1

Website

https://www.totalhelium.com

Total Helium Ltd is engaged in exploring its helium properties. The company holds helium leases over land in Kansas and Colorado in the United States. The company generates revenue from helium and methane gas sales from the Helisium Project and Pinta South Project.

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