New Talisman Gold Mines (ASX:NTL) ROCE % : -8.57% (As of Sep. 2023)

View and export this data going back to 1987. Start your Free Trial

What is New Talisman Gold Mines 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. New Talisman Gold Mines's annualized ROCE % for the quarter that ended in Sep. 2023 was -8.57%.

New Talisman Gold Mines ROCE % Historical Data

The historical data trend for New Talisman Gold Mines'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.

* Premium members only.

New Talisman Gold Mines ROCE % Chart

New Talisman Gold Mines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-7.80

-23.48

-4.81

-44.40

-27.08

New Talisman Gold Mines Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-7.24	-79.02	-12.18	-41.24	-8.57

New Talisman Gold Mines ROCE % Calculation

New Talisman Gold Mines's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-2.474	/	( ( (9.821 - 0.214)	+	(9.77 - 1.103) )	/ 2 )
	=	-2.474	/	( (9.607	+	8.667)	/ 2 )
	=	-2.474	/	9.137
	=	-27.08 %

New Talisman Gold Mines's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.74	/	( ( (9.77 - 1.103)	+	(9.69 - 1.085) )	/ 2 )
	=	-0.74	/	( ( 8.667	+	8.605 )	/ 2 )
	=	-0.74	/	8.636
	=	-8.57 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

New Talisman Gold Mines (ASX:NTL) 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.

New Talisman Gold Mines ROCE % Related Terms

Thank you for viewing the detailed overview of New Talisman Gold Mines's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

New Talisman Gold Mines (ASX:NTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Talisman Gold Mines Ltd (ASX:NTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NTL:New Zealand

Address

2b Gibraltar Cres, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.newtalisman.co.nz

New Talisman Gold Mines Ltd is engaged in mine development and mineral exploration. The company's projects include the Talisman mine project. The Talisman mine comprises the Maria, crown or welcome, and mystery veins. The Talisman permit and the Karangahake gold project are located in the southern part of the Coromandel volcanic zone, a north-northwest trending zone of Miocene to early Quaternary sub-aerial calc-alkaline volcanic, During the current period, the company had one business segment - mineral exploration, within New Zealand and Vanuatu.

New Talisman Gold Mines (ASX:NTL) Headlines

No Headlines