Monarch Mining (TSX:GBAR) ROCE % : -51.76% (As of Sep. 2023)

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What is Monarch Mining 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. Monarch Mining's annualized ROCE % for the quarter that ended in Sep. 2023 was -51.76%.

Monarch Mining ROCE % Historical Data

The historical data trend for Monarch Mining'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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Monarch Mining ROCE % Chart

Monarch Mining Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-32.89

-108.00

Monarch Mining Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial								-142.42	-28.21	-2.58	-305.80	-51.76

Monarch Mining ROCE % Calculation

Monarch Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-49.375	/	( ( (93.895 - 21.013)	+	(45.679 - 27.13) )	/ 2 )
	=	-49.375	/	( (72.882	+	18.549)	/ 2 )
	=	-49.375	/	45.7155
	=	-108.00 %

Monarch Mining's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-8.992	/	( ( (45.679 - 27.13)	+	(39.368 - 23.17) )	/ 2 )
	=	-8.992	/	( ( 18.549	+	16.198 )	/ 2 )
	=	-8.992	/	17.3735
	=	-51.76 %

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

Monarch Mining (TSX:GBAR) 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.

Monarch Mining ROCE % Related Terms

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Monarch Mining (TSX:GBAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monarch Mining Corp (TSX:GBAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

68, Avenue de la Gare, Bureau 205, Saint-Saveur, QC, CAN, J0R 1R0

Website

https://www.monarchmining.com

Monarch Mining Corp is a fully integrated mining company that owns around four projects, including the Beaufor Mine. Its other assets include the Croinor Gold, Beacon property and mill, McKenzie Break and Swanson properties, all located near Monarch's wholly-owned 750 tpd Mill. The company is mainly focused on gold projects.

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