Minaurum Gold (TSXV:MGG) ROCE % : -21.54% (As of Oct. 2023)

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What is Minaurum 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. Minaurum Gold's annualized ROCE % for the quarter that ended in Oct. 2023 was -21.54%.

Minaurum Gold ROCE % Historical Data

The historical data trend for Minaurum 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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Minaurum Gold ROCE % Chart

Minaurum Gold Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

ROCE %

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-58.51

-55.14

-47.21

-69.15

-61.23

Minaurum Gold Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-72.31	-38.98	-43.85	-34.61	-21.54

Minaurum Gold ROCE % Calculation

Minaurum Gold's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	-8.494	/	( ( (11.978 - 0.309)	+	(16.701 - 0.625) )	/ 2 )
	=	-8.494	/	( (11.669	+	16.076)	/ 2 )
	=	-8.494	/	13.8725
	=	-61.23 %

Minaurum Gold's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-2.04	/	( ( (9.64 - 0.131)	+	(9.703 - 0.269) )	/ 2 )
	=	-2.04	/	( ( 9.509	+	9.434 )	/ 2 )
	=	-2.04	/	9.4715
	=	-21.54 %

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

Minaurum Gold (TSXV:MGG) 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.

Minaurum Gold ROCE % Related Terms

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Minaurum Gold (TSXV:MGG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minaurum Gold Inc (TSXV:MGG) » Definitions » ROCE %

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MMRGF:USA 78M:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.minaurum.com

Minaurum Gold Inc is a regional explorer focusing on the exploration and development of high-grade gold and silver projects in the Southern Sonora State, Oaxaca-Chiapas region and Guerrero Gold Belt. It holds interest in Taviche Project, Alamos (Quintera) Project, Santa Marta Project, Vuelcos del Destino Property, Adelita Property, and Aurena Property. The Company operates in one segment the acquisition and exploration of exploration and evaluation assets. It operates in Mexico and the United States.

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