Tocvan Ventures (XCNQ:TOC) ROCE % : -27.69% (As of Feb. 2024)

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What is Tocvan Ventures 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. Tocvan Ventures's annualized ROCE % for the quarter that ended in Feb. 2024 was -27.69%.

Tocvan Ventures ROCE % Historical Data

The historical data trend for Tocvan Ventures'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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Tocvan Ventures ROCE % Chart

Tocvan Ventures Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-81.31

-96.86

-66.09

-69.19

-43.98

Tocvan Ventures Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-53.77	-47.80	-25.64	-11.30	-27.69

Tocvan Ventures ROCE % Calculation

Tocvan Ventures's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.73	/	( ( (7.64 - 4.053)	+	(7.901 - 3.621) )	/ 2 )
	=	-1.73	/	( (3.587	+	4.28)	/ 2 )
	=	-1.73	/	3.9335
	=	-43.98 %

Tocvan Ventures's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-1.612	/	( ( (8.028 - 2.605)	+	(7.838 - 1.618) )	/ 2 )
	=	-1.612	/	( ( 5.423	+	6.22 )	/ 2 )
	=	-1.612	/	5.8215
	=	-27.69 %

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

Tocvan Ventures (XCNQ:TOC) 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.

Tocvan Ventures ROCE % Related Terms

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Tocvan Ventures (XCNQ:TOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tocvan Ventures Corp (XCNQ:TOC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TCVNF:USA TV3:Germany

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.tocvan.com

Tocvan Ventures Corp is engaged in the evaluation, acquisition, and exploration of mineral resource properties. The firm's projects includes, El Picacho and Pilar Gold Project.

Executives

Brodie Alan Sutherland

Director

Tocvan Ventures (XCNQ:TOC) Headlines

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