Tarachi Gold (XCNQ:TRG) ROCE % : -7.41% (As of Oct. 2024)

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What is Tarachi 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. Tarachi Gold's annualized ROCE % for the quarter that ended in Oct. 2024 was -7.41%.

Tarachi Gold ROCE % Historical Data

The historical data trend for Tarachi 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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Tarachi Gold ROCE % Chart

Tarachi Gold Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

ROCE %

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-83.84

-30.01

-6.81

-5.95

-14.16

Tarachi Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-7.95	-7.94	-5.94	-33.57	-7.41

Tarachi Gold ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-0.482	/	( ( (3.462 - 0.058)	+	(3.446 - 0.044) )	/ 2 )
	=	-0.482	/	( (3.404	+	3.402)	/ 2 )
	=	-0.482	/	3.403
	=	-14.16 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.252	/	( ( (3.446 - 0.044)	+	(3.41 - 0.014) )	/ 2 )
	=	-0.252	/	( ( 3.402	+	3.396 )	/ 2 )
	=	-0.252	/	3.399
	=	-7.41 %

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

Tarachi Gold (XCNQ:TRG) 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.

Tarachi Gold ROCE % Related Terms

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Tarachi Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tarachi Gold Corp (XCNQ:TRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TRGGF:USA 4RZ:Germany 4RZ:Germany

Address

595 Burrard Street, Suite 1723, Vancouver, BC, CAN, V7K 1J1

Website

https://www.tarachigold.com

Tarachi Gold Corp is a gold development and exploration company engaged in the evaluation and development of assets in Mexico. The company's project includes Tarachi Project in Sonora State, and Magistral Mills & Tailings in Durango State.

Executives

Cameron David Tymstra	Senior Officer
Cole Anthony Mcclay	Director
Michael Konnert	Director
Mahesh Nalinda Liyanage	Senior Officer

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