Teako Minerals (XCNQ:TMIN) ROCE % : -105.94% (As of Jan. 2024)

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What is Teako Minerals 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. Teako Minerals's annualized ROCE % for the quarter that ended in Jan. 2024 was -105.94%.

Teako Minerals ROCE % Historical Data

The historical data trend for Teako Minerals'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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Teako Minerals ROCE % Chart

Teako Minerals Annual Data

Trend

Jan21

Jan22

Jan23

Jan24

ROCE %

-11.38

-63.28

-27.84

-88.11

Teako Minerals Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial										-40.55	-45.54	-30.44	-27.30	-105.94

Teako Minerals ROCE % Calculation

Teako Minerals'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 )
	=	-1.204	/	( ( (0.797 - 0.158)	+	(2.257 - 0.163) )	/ 2 )
	=	-1.204	/	( (0.639	+	2.094)	/ 2 )
	=	-1.204	/	1.3665
	=	-88.11 %

Teako Minerals'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 )
	=	-3.208	/	( ( (4.145 - 0.183)	+	(2.257 - 0.163) )	/ 2 )
	=	-3.208	/	( ( 3.962	+	2.094 )	/ 2 )
	=	-3.208	/	3.028
	=	-105.94 %

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

Teako Minerals (XCNQ:TMIN) 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.

Teako Minerals ROCE % Related Terms

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Teako Minerals (XCNQ:TMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teako Minerals Corp (XCNQ:TMIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.teakominerals.com

Teako Minerals Corp is engaged in the acquisition, exploration, and evaluation of mineral property interests located in Canada. It is in the process of exploring its mineral property interest in British Columbia and has not yet determined whether it contains mineral reserves that are economically recoverable. The company's mineral property interest consists of the Pinnacle project under option located in British Columbia, Canada.

Executives

Fruchtexpress Grabher Gmbh & Co Kg	10% Security Holder
Owen Garfield	Director

Teako Minerals (XCNQ:TMIN) Headlines

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