Majestic Gold (Majestic Gold) ROCE % : 17.94% (As of Mar. 2024)

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What is Majestic 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. Majestic Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.94%.

Majestic Gold ROCE % Historical Data

The historical data trend for Majestic 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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Majestic Gold ROCE % Chart

Majestic Gold Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.43

29.34

14.16

24.35

14.14

Majestic Gold Quarterly Data
	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															19.88	17.09	14.29	11.20	17.94

Majestic Gold ROCE % Calculation

Majestic Gold'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 )
	=	19.793	/	( ( (139.606 - 21.059)	+	(187.231 - 25.873) )	/ 2 )
	=	19.793	/	( (118.547	+	161.358)	/ 2 )
	=	19.793	/	139.9525
	=	14.14 %

Majestic Gold'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 )
	=	29.352	/	( ( (187.231 - 25.873)	+	(188.315 - 22.439) )	/ 2 )
	=	29.352	/	( ( 161.358	+	165.876 )	/ 2 )
	=	29.352	/	163.617
	=	17.94 %

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

Majestic Gold (OTCPK:MJGCF) 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.

Majestic Gold ROCE % Related Terms

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Majestic Gold (Majestic Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Majestic Gold Corp (OTCPK:MJGCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MJT:Germany MJS:Canada

Address

306 - 1688 152nd Street, Surrey, BC, CAN, V4A 4N2

Website

https://www.majesticgold.com

Majestic Gold Corp is a mining company focused on the exploration, development and operation of mining properties in China, Australia and Canada. The company operates the Songjiagou open-pit gold mine in the eastern Chinese province of Shandong.