Teras Resources (TSXV:TRA) ROCE % : 0.00% (As of Feb. 2023)

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What is Teras 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. Teras Resources's annualized ROCE % for the quarter that ended in Feb. 2023 was 0.00%.

Teras Resources ROCE % Historical Data

The historical data trend for Teras 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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Teras Resources ROCE % Chart

Teras Resources Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

ROCE %

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-3.27

-3.90

-3.06

-3.13

-209.88

Teras Resources Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
ROCE %	Get a 7-Day Free Trial															-4.75	-799.04	-	-	-

Teras Resources ROCE % Calculation

Teras Resources's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	-26.866	/	( ( (26.677 - 1)	+	(0.722 - 0.798) )	/ 2 )
	=	-26.866	/	( (25.677	+	-0.076)	/ 2 )
	=	-26.866	/	12.8005
	=	-209.88 %

Teras Resources's ROCE % of for the quarter that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2023 )		(Q: Nov. 2022 )		(Q: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2023 )		(Q: Nov. 2022 )		(Q: Feb. 2023 )
	=	-0.592	/	( ( (0.42 - 0.864)	+	(0.344 - 0.933) )	/ 2 )
	=	-0.592	/	( ( -0.444	+	-0.589 )	/ 2 )
	=	-0.592	/	-0.5165
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2023) EBIT data.

Teras Resources (TSXV:TRA) 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.

Teras Resources ROCE % Related Terms

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Teras Resources (TSXV:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teras Resources Inc (TSXV:TRA) » Definitions » ROCE %

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TRARF:USA

Address

206, 6025 - 12th Street South East, Calgary, AB, CAN, T2H 1K1

Website

https://www.teras.ca

Teras Resources Inc is a junior mining exploration & development company. The company is involved in the acquisition and exploration of mineral property interests in Montana, Nevada, and Cahuilla in California. The company explores gold, silver, and base metals. Its projects include Cahuilla Gold Project, Golden Jubilee, Corral Canyon, Gold Point, Watseca Mill and other projects. The Cahuilla Project is located in northwest Imperial County, California. The Watseca Mill Property is located in Rochester Basin, Montana, and includes a mill site and mining claims.

Executives

Joe Carrabba

Director, Senior Officer

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