Taranis Resources (TSXV:TRO) ROCE % : -3.21% (As of Dec. 2023)

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What is Taranis 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. Taranis Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.21%.

Taranis Resources ROCE % Historical Data

The historical data trend for Taranis 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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Taranis Resources ROCE % Chart

Taranis Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.34

-2.62

-3.22

-3.25

-8.90

Taranis Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.36	-23.70	-3.06	-7.07	-3.21

Taranis Resources ROCE % Calculation

Taranis Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.586	/	( ( (6.933 - 0.724)	+	(7.532 - 0.573) )	/ 2 )
	=	-0.586	/	( (6.209	+	6.959)	/ 2 )
	=	-0.586	/	6.584
	=	-8.90 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.224	/	( ( (7.714 - 0.707)	+	(7.532 - 0.573) )	/ 2 )
	=	-0.224	/	( ( 7.007	+	6.959 )	/ 2 )
	=	-0.224	/	6.983
	=	-3.21 %

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

Taranis Resources (TSXV:TRO) 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.

Taranis Resources ROCE % Related Terms

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Taranis Resources (TSXV:TRO) Business Description

Industry

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

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TNREF:USA

Address

681 Conifer Lane, Estes Park, CO, USA, 80517

Website

http://www.taranisresources.com

Taranis Resources Inc is a Canada based exploration stage company. The business activity of the group is operated through one reportable operating segment, which is the acquisition and exploration of mineral properties. The company holds an interest in Thor property, which is located in Revelstoke mining district of British Columbia.

Executives

James Wadhams Stuckert

10% Security Holder

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