Mason Resources (TSXV:LLG) ROCE % : -7.21% (As of Dec. 2023)

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What is Mason 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. Mason Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.21%.

Mason Resources ROCE % Historical Data

The historical data trend for Mason 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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Mason Resources ROCE % Chart

Mason Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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1.50

-9.85

-24.34

-17.79

-11.60

Mason 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															-17.41	-5.95	-11.86	-23.00	-7.21

Mason Resources ROCE % Calculation

Mason Resources'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 )
	=	-3.059	/	( ( (26.443 - 0.277)	+	(26.907 - 0.309) )	/ 2 )
	=	-3.059	/	( (26.166	+	26.598)	/ 2 )
	=	-3.059	/	26.382
	=	-11.60 %

Mason 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 )
	=	-1.7	/	( ( (26.032 - 0.173)	+	(21.56 - 0.282) )	/ 2 )
	=	-1.7	/	( ( 25.859	+	21.278 )	/ 2 )
	=	-1.7	/	23.5685
	=	-7.21 %

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

Mason Resources (TSXV:LLG) 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.

Mason Resources ROCE % Related Terms

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Mason Resources (TSXV:LLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mason Resources Inc (TSXV:LLG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MGPHF:USA UD9:Germany

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, H7T 2P5

Website

https://www.masonresourcesinc.com

Mason Resources Inc is a Canadian company focused on identifying, evaluating, and pursuing business investment opportunities to enhance shareholder's long-term value. Its strategy is to develop vertical and horizontal integration in the mining industry, with a special focus on industrial and specialty minerals, notably battery-related materials and their by-products. Its strategy also includes the development of value-added products, notably for green technologies.

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