Talmora Diamond (XCNQ:TAI) ROCE % : -388.57% (As of Mar. 2024)

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What is Talmora Diamond 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. Talmora Diamond's annualized ROCE % for the quarter that ended in Mar. 2024 was -388.57%.

Talmora Diamond ROCE % Historical Data

The historical data trend for Talmora Diamond'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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Talmora Diamond ROCE % Chart

Talmora Diamond Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-101.01

-412.66

-720.00

-579.31

-690.91

Talmora Diamond Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1,784.62	-1,292.31	-3,790.16	-13.56	-388.57

Talmora Diamond ROCE % Calculation

Talmora Diamond's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.342	/	( ( (0.021 - 0)	+	(0.078 - 0) )	/ 2 )
	=	-0.342	/	( (0.021	+	0.078)	/ 2 )
	=	-0.342	/	0.0495
	=	-690.91 %

Talmora Diamond's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.204	/	( ( (0.078 - 0)	+	(0.027 - 0) )	/ 2 )
	=	-0.204	/	( ( 0.078	+	0.027 )	/ 2 )
	=	-0.204	/	0.0525
	=	-388.57 %

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

Talmora Diamond (XCNQ:TAI) 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.

Talmora Diamond ROCE % Related Terms

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Talmora Diamond (XCNQ:TAI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Talmora Diamond Inc (XCNQ:TAI) » Definitions » ROCE %

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N/A

Address

6 Willowood Court, Toronto, ON, CAN, M2J 2M3

Website

http://www.talmoradiamond.com

Talmora Diamond Inc is engaged in the business of exploring and evaluating mineral exploration properties. The company holds mineral claims in the Horton River area located south of the Hamlet of Paulatuk in the Northwest Territories of Canada. The project area is located within the Lena West Diamond Exploration region. It currently operates in one business segment, the exploration and evaluation of resource properties.

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