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


What is Teras Resources ROCE %?

Teras Resources TSXV:TRA.H ROCE % is 0.00% as of Feb. 2023.

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  (TSXV:TRA.H) 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

Teras Resources ROCE % Historical Data

* Premium members only.

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.

Teras Resources ROCE % Chart

Teras Resources Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.75 -799.04 0.00 0.00 0.00

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.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
Teras Resources (TSXV:TRA.H) has a ROCE % of 0.00% as of Feb. 2023.
Is Teras Resources' ROCE % too high?
Teras Resources' current ROCE % is 0.00%.
How does Teras Resources' ROCE % compare to GRMC and IMII?
Teras Resources' ROCE % of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Teras Resources's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teras Resources stock overvalued right now?
Teras Resources (TSXV:TRA.H) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Teras Resources (TSXV:TRA.H), the current ROCE % is 0.00% as of Feb. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Teras Resources Business Description

Address 206, 6025 - 12th Street S.E, Calgary, AB, CAN, T2H 1K1
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/Silver, Corral Canyon, Gold Point, Superstition, Sunny Slope, and Watseka.