Tsodilo Resources (TSXV:TSD) ROCE % : -34.56% (As of Sep. 2024)

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What is Tsodilo 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. Tsodilo Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -34.56%.

Tsodilo Resources ROCE % Historical Data

The historical data trend for Tsodilo 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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Tsodilo Resources ROCE % Chart

Tsodilo Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.37

-13.22

-25.60

-30.19

-44.10

Tsodilo Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-40.96	-95.17	-37.84	-40.97	-34.56

Tsodilo Resources ROCE % Calculation

Tsodilo 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 )
	=	-1.627	/	( ( (7.89 - 3.624)	+	(7.508 - 4.396) )	/ 2 )
	=	-1.627	/	( (4.266	+	3.112)	/ 2 )
	=	-1.627	/	3.689
	=	-44.10 %

Tsodilo Resources'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 )
	=	-1.072	/	( ( (7.805 - 4.688)	+	(7.935 - 4.849) )	/ 2 )
	=	-1.072	/	( ( 3.117	+	3.086 )	/ 2 )
	=	-1.072	/	3.1015
	=	-34.56 %

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

Tsodilo Resources (TSXV:TSD) 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.

Tsodilo Resources ROCE % Related Terms

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Tsodilo Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tsodilo Resources Ltd (TSXV:TSD) » Definitions » ROCE %

Comparable Companies

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TSDRF:USA TZO:Germany

Address

1 King Street West, 48th Floor, Toronto, ON, CAN, M5H 1A1

Website

https://www.tsodiloresources.com

Tsodilo Resources Ltd is an international resource exploration company engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited and Bosoto (Pty) Ltd. projects in Botswana. The company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects.

Executives

Thomas Seldon Bruington	Director
Gary Bojes	Senior Officer

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