Taura Gold (TSXV:TORA) ROCE % : -30.52% (As of Oct. 2024)

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What is Taura 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. Taura Gold's annualized ROCE % for the quarter that ended in Oct. 2024 was -30.52%.

Taura Gold ROCE % Historical Data

The historical data trend for Taura 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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Taura Gold ROCE % Chart

Taura Gold Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

ROCE %

-31.76

-149.44

-37.84

-42.04

Taura Gold Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial													-59.76	-40.25	-27.90	-17.50	-30.52

Taura Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.68	/	( ( (1.832 - 0.04)	+	(1.62 - 0.177) )	/ 2 )
	=	-0.68	/	( (1.792	+	1.443)	/ 2 )
	=	-0.68	/	1.6175
	=	-42.04 %

Taura Gold's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.356	/	( ( (1.32 - 0.113)	+	(1.254 - 0.128) )	/ 2 )
	=	-0.356	/	( ( 1.207	+	1.126 )	/ 2 )
	=	-0.356	/	1.1665
	=	-30.52 %

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

Taura Gold (TSXV:TORA) 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.

Taura Gold ROCE % Related Terms

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Taura Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taura Gold Inc (TSXV:TORA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Burrard Street, Suite 1615, Vancouver, BC, CAN, V6C 3L6

Website

https://www.tauragold.com

Taura Gold Inc is an exploration stage company engaged in the acquisition, exploration, and evaluation of mineral properties located in the province of Ontario, Canada. It is focused on advancing its wholly owned Shabu Property in the Red Lake Mining Division in northwestern Ontario.

Executives

John Andrew Dorward

Director

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