Tudor Gold (STU:TUC) ROCE % : -9.26% (As of Dec. 2023)

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What is Tudor 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. Tudor Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.26%.

Tudor Gold ROCE % Historical Data

The historical data trend for Tudor 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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Tudor Gold ROCE % Chart

Tudor Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-19.51

-12.85

-20.97

-12.81

0.14

Tudor Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.71	-4.72	-0.07	-1.97	-9.26

Tudor Gold ROCE % Calculation

Tudor Gold'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 )
	=	0.1	/	( ( (71.385 - 0.668)	+	(72.364 - 1.04) )	/ 2 )
	=	0.1	/	( (70.717	+	71.324)	/ 2 )
	=	0.1	/	71.0205
	=	0.14 %

Tudor Gold'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-7.892	/	( ( (84.983 - 1.753)	+	(87.537 - 0.298) )	/ 2 )
	=	-7.892	/	( ( 83.23	+	87.239 )	/ 2 )
	=	-7.892	/	85.2345
	=	-9.26 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Tudor Gold (STU:TUC) 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.

Tudor Gold ROCE % Related Terms

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Tudor Gold (STU:TUC) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tudor Gold Corp (STU:TUC) » Definitions » ROCE %

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TDRRF:USA TUD:Canada

Address

999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2

Website

https://www.tudor-gold.com

Tudor Gold Corp is a precious and base metals explorer with properties in British Columbia’s Golden Triangle, an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectares Treaty Creek project (in which Tudor Gold has a 60% interest) borders Seabridge Gold Inc.’s KSM property to the southwest and borders Pretium Resources Inc.’s Brucejack property to the southeast. The Company also has a 60% interest in the Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

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