Tintina Mines (TSXV:TTS) ROCE % : -13.65% (As of Sep. 2024)

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What is Tintina Mines 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. Tintina Mines's annualized ROCE % for the quarter that ended in Sep. 2024 was -13.65%.

Tintina Mines ROCE % Historical Data

The historical data trend for Tintina Mines'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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Tintina Mines ROCE % Chart

Tintina Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-76.51

Tintina Mines 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															-	-	-	-	-13.65

Tintina Mines ROCE % Calculation

Tintina Mines'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 )
	=	-0.373	/	( ( (9.677 - 12.117)	+	(9.577 - 12.124) )	/ 2 )
	=	-0.373	/	( (-2.44	+	-2.547)	/ 2 )
	=	-0.373	/	-2.4935
	=	14.96 %

Tintina Mines'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 )
	=	-0.8	/	( ( (9.852 - 12.146)	+	(14.06 - 0.047) )	/ 2 )
	=	-0.8	/	( ( -2.294	+	14.013 )	/ 2 )
	=	-0.8	/	5.8595
	=	-13.65 %

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

Tintina Mines (TSXV:TTS) 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.

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Tintina Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tintina Mines Ltd (TSXV:TTS) » Definitions » ROCE %

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TNNTF:USA

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

http://www.tintinamines.com

Tintina Mines Ltd is engaged in the evaluation, acquisition, and exploration of gold and base mineral properties in Canada. Its project properties include the Red Mountain molybdenum deposit located in the Whitehorse Mining District in Yukon, Canada. The company operates in one operating segment in the evaluation, acquisition, and exploration of gold and base mineral properties in Canada.

Executives

Gerald Panneton	Senior Officer
David John Rhodes	Director
Thomas Peter Max Relling	10% Security Holder
Penny Olga White	Senior Officer
Luc Mainville	Senior Officer
Alexander Dann	Senior Officer

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