TomaGold (TSXV:LOT) ROCE % : 0.00% (As of Feb. 2024)

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What is TomaGold 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. TomaGold's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

TomaGold ROCE % Historical Data

The historical data trend for TomaGold'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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TomaGold ROCE % Chart

TomaGold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-12.66

-5.62

43.17

-84.61

-266.64

TomaGold 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															-44.78	-21.01	-286.28	-	-

TomaGold ROCE % Calculation

TomaGold'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 )
	=	-3.293	/	( ( (2.935 - 0.531)	+	(0.689 - 0.623) )	/ 2 )
	=	-3.293	/	( (2.404	+	0.066)	/ 2 )
	=	-3.293	/	1.235
	=	-266.64 %

TomaGold'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 )
	=	-0.776	/	( ( (0.17 - 0.955)	+	(0.109 - 1.09) )	/ 2 )
	=	-0.776	/	( ( -0.785	+	-0.981 )	/ 2 )
	=	-0.776	/	-0.883
	=	0 %

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

TomaGold (TSXV:LOT) 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.

TomaGold ROCE % Related Terms

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TomaGold (TSXV:LOT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TomaGold Corp (TSXV:LOT) » Definitions » ROCE %

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TOGOF:USA OTM:Germany

Address

410, Rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.tomagoldcorp.com

TomaGold Corp is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration, and development of gold mineral properties. The company holds an interest in Monster Lake property, Winchester property, Lac-a-l'Eau Jaune property, Sidace Lake gold property, Obalski property, Monster Lake East property, Hazeur property, Lac Cavan property, and Urban Lake project. The company operates through a single segment Exploration and evaluation of mineral resources.

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