Technology Minerals (LSE:TM1) ROCE % : -9.35% (As of Dec. 2023)

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What is Technology 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. Technology Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.35%.

Technology Minerals ROCE % Historical Data

The historical data trend for Technology 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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Technology Minerals ROCE % Chart

Technology Minerals Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-8.51

-16.60

Technology Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-6.42	-9.22	-6.97	-24.40	-9.35

Technology Minerals ROCE % Calculation

Technology Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-3.689	/	( ( (21.611 - 0.623)	+	(23.906 - 0.438) )	/ 2 )
	=	-3.689	/	( (20.988	+	23.468)	/ 2 )
	=	-3.689	/	22.228
	=	-16.60 %

Technology Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.156	/	( ( (23.906 - 0.438)	+	(24.481 - 1.812) )	/ 2 )
	=	-2.156	/	( ( 23.468	+	22.669 )	/ 2 )
	=	-2.156	/	23.0685
	=	-9.35 %

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

Technology Minerals (LSE:TM1) 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.

Technology Minerals ROCE % Related Terms

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Technology Minerals (LSE:TM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Technology Minerals PLC (LSE:TM1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Savile Row, London, GBR, W1S 3PW

Website

https://www.technologyminerals.co.uk

Technology Minerals PLC is a London-based mineral exploration company focused on the exploration of mineral resource projects in Ireland (Li project), Spain (Cu-Co-Ni project), Cameroon (Ni-Co project), and three projects in the USA (Cu-Co, Co, and Ni-Co-Cu projects, respectively).

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