Terreno Resources (TSXV:TNO.H) ROCE % : 0.00% (As of Dec. 2023)

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What is Terreno Resources 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. Terreno Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Terreno Resources ROCE % Historical Data

The historical data trend for Terreno Resources'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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Terreno Resources ROCE % Chart

Terreno Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-588.83

-676.36

Terreno Resources 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															-	-	-	-	-

Terreno Resources ROCE % Calculation

Terreno Resources'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 )
	=	-0.598	/	( ( (0.248 - 0.194)	+	(0.17 - 0.541) )	/ 2 )
	=	-0.598	/	( (0.054	+	-0.371)	/ 2 )
	=	-0.598	/	-0.1585
	=	377.29 %

Terreno Resources'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 )
	=	-0.268	/	( ( (0.06 - 0.593)	+	(0.055 - 0.655) )	/ 2 )
	=	-0.268	/	( ( -0.533	+	-0.6 )	/ 2 )
	=	-0.268	/	-0.5665
	=	0 %

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

Terreno Resources (TSXV:TNO.H) 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.

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Terreno Resources (TSXV:TNO.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Terreno Resources Corp (TSXV:TNO.H) » Definitions » ROCE %

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Address

44 Victoria Street, Suite 1102, Toronto, ON, CAN, V5C 1Y2

Website

http://www.terrenoresources.com

Terreno Resources Corp is engaged in the acquisition, exploration, and development of mineral properties. Geographically, the firm's segments are divided into two areas which are Canada and Mexico of which the Canadian operations are managed from the company's head office in Toronto. The company has an interest in the Las Cucharas Gold & Silver Project in Mexico.

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