Tombill Mines (TSXV:TBLL) ROCE % : -310.69% (As of Jan. 2024)

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What is Tombill 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. Tombill Mines's annualized ROCE % for the quarter that ended in Jan. 2024 was -310.69%.

Tombill Mines ROCE % Historical Data

The historical data trend for Tombill 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.

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Tombill Mines ROCE % Chart

Tombill Mines Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

-1,555.07

-318.66

-536.67

Tombill Mines Quarterly Data
	Oct19	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial										-696.50	-	-19,520.00	-1,109.09	-310.69

Tombill Mines ROCE % Calculation

Tombill Mines's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.644	/	( ( (0.541 - 0.311)	+	(0.298 - 0.288) )	/ 2 )
	=	-0.644	/	( (0.23	+	0.01)	/ 2 )
	=	-0.644	/	0.12
	=	-536.67 %

Tombill Mines's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.828	/	( ( (0.298 - 0.288)	+	(0.633 - 0.11) )	/ 2 )
	=	-0.828	/	( ( 0.01	+	0.523 )	/ 2 )
	=	-0.828	/	0.2665
	=	-310.69 %

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

Tombill Mines (TSXV:TBLL) 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.

Tombill Mines ROCE % Related Terms

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Tombill Mines (TSXV:TBLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tombill Mines Ltd (TSXV:TBLL) » Definitions » ROCE %

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Traded in Other Exchanges

TBLLF:USA

Address

1 Dundas Street West, Suite 2500, Toronto, ON, CAN, M5G 1Z3

Website

https://www.tombillmines.com

Tombill Mines Ltd is a Canadian company operating in the mining industry. The company has its operations in mineral exploration, gold properties.

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