Tactical Resources (Tactical Resources) ROCE % : -218.40% (As of Jan. 2024)

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What is Tactical 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. Tactical Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -218.40%.

Tactical Resources ROCE % Historical Data

The historical data trend for Tactical 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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Tactical Resources ROCE % Chart

Tactical Resources Annual Data

Trend

Jul21

Jul22

Jul23

ROCE %

-20.33

-105.94

-118.81

Tactical Resources Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial							-89.96	-113.18	-171.83	-181.04	-218.40

Tactical Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.983	/	( ( (2.538 - 0.23)	+	(1.123 - 0.093) )	/ 2 )
	=	-1.983	/	( (2.308	+	1.03)	/ 2 )
	=	-1.983	/	1.669
	=	-118.81 %

Tactical Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.712	/	( ( (0.92 - 0.505)	+	(0.697 - 0.46) )	/ 2 )
	=	-0.712	/	( ( 0.415	+	0.237 )	/ 2 )
	=	-0.712	/	0.326
	=	-218.40 %

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

Tactical Resources (OTCPK:USREF) 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.

Tactical Resources ROCE % Related Terms

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Tactical Resources (Tactical Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tactical Resources Corp (OTCPK:USREF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RARE:Canada

Address

1055 West Georgia Street, 1500 Royal Centre, Vancouver, BC, CAN, V6E 4N7

Website

https://www.tacticalresources.com

Tactical Resources Corp is an exploration & development company focused on the rare earth elements (REE) that drive the green technologies of the future. Its projects include Lac Ducharme Project, Peak Project, and SAM Gold Project.