Maritime Resources (TSXV:MAE) ROCE % : -2.72% (As of Dec. 2023)

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What is Maritime 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. Maritime Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.72%.

Maritime Resources ROCE % Historical Data

The historical data trend for Maritime 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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Maritime Resources ROCE % Chart

Maritime Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.04

-6.75

-5.21

-4.40

-4.22

Maritime 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															-3.34	-5.56	-4.11	-5.86	-2.72

Maritime Resources ROCE % Calculation

Maritime Resources'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 )
	=	-1.92	/	( ( (39.914 - 0.928)	+	(52.925 - 1.004) )	/ 2 )
	=	-1.92	/	( (38.986	+	51.921)	/ 2 )
	=	-1.92	/	45.4535
	=	-4.22 %

Maritime 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 )
	=	-1.38	/	( ( (52.628 - 3.106)	+	(52.925 - 1.004) )	/ 2 )
	=	-1.38	/	( ( 49.522	+	51.921 )	/ 2 )
	=	-1.38	/	50.7215
	=	-2.72 %

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

Maritime Resources (TSXV:MAE) 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.

Maritime Resources ROCE % Related Terms

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Maritime Resources (TSXV:MAE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maritime Resources Corp (TSXV:MAE) » Definitions » ROCE %

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MRTMF:USA

Address

c/o Harper Grey LLP, 3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7

Website

https://www.maritimeresourcescorp.com

Maritime Resources Corp holds a 100% interest in the Green Bay Property, including the former Hammerdown gold mine and Orion project plus the Whisker Valley exploration project, all located near the Baie Verte Mining District and Springdale, Newfoundland and Labrador. The Hammerdown gold deposit is characterized by near-vertical, narrow mesothermal quartz veins containing gold in pyrite. Its exploration properties are in Canada. The Company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Quebec, and several other exploration properties and royalty interests in key mining camps across Canada.

Executives

Garett Macdonald

Senior Officer

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