Torrent Gold (XCNQ:TGLD) ROCE % : -46.16% (As of Apr. 2024)

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What is Torrent Gold 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. Torrent Gold's annualized ROCE % for the quarter that ended in Apr. 2024 was -46.16%.

Torrent Gold ROCE % Historical Data

The historical data trend for Torrent Gold'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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Torrent Gold ROCE % Chart

Torrent Gold Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-29.07

-91.18

-87.85

-59.74

-40.56

Torrent Gold Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															-37.90	-38.99	-38.85	-46.63	-46.16

Torrent Gold ROCE % Calculation

Torrent Gold's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.448	/	( ( (1.437 - 0.089)	+	(1.083 - 0.222) )	/ 2 )
	=	-0.448	/	( (1.348	+	0.861)	/ 2 )
	=	-0.448	/	1.1045
	=	-40.56 %

Torrent Gold's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-0.376	/	( ( (1.083 - 0.222)	+	(1.06 - 0.292) )	/ 2 )
	=	-0.376	/	( ( 0.861	+	0.768 )	/ 2 )
	=	-0.376	/	0.8145
	=	-46.16 %

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

Torrent Gold (XCNQ:TGLD) 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.

Torrent Gold ROCE % Related Terms

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Torrent Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torrent Gold Inc (XCNQ:TGLD) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.torrentgoldinc.com

Torrent Gold Inc is engaged in acquiring and exploring mineral properties in Canada and the United States. The company is exploring its grassroots Clover Mountain gold property in Idaho and recently acquired six early-stage gold exploration projects in Nevada and Utah from Liberty Gold. The firm is exploring epithermal gold, and silver mineralization on the Silver Star Property.

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