Midland Exploration (TSXV:MD) ROCE % : -6.26% (As of Mar. 2024)

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What is Midland Exploration 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. Midland Exploration's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.26%.

Midland Exploration ROCE % Historical Data

The historical data trend for Midland Exploration'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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Midland Exploration ROCE % Chart

Midland Exploration Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-7.75

-5.11

-4.26

-4.12

-3.96

Midland Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-5.72	-3.43	-2.61	-4.70	-6.26

Midland Exploration ROCE % Calculation

Midland Exploration's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.548	/	( ( (39.216 - 0.871)	+	(41.663 - 1.865) )	/ 2 )
	=	-1.548	/	( (38.345	+	39.798)	/ 2 )
	=	-1.548	/	39.0715
	=	-3.96 %

Midland Exploration'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 )
	=	-2.552	/	( ( (42.761 - 1.827)	+	(42.074 - 1.419) )	/ 2 )
	=	-2.552	/	( ( 40.934	+	40.655 )	/ 2 )
	=	-2.552	/	40.7945
	=	-6.26 %

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

Midland Exploration (TSXV:MD) 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.

Midland Exploration ROCE % Related Terms

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Midland Exploration (TSXV:MD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midland Exploration Inc (TSXV:MD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MIDLF:USA

Address

1, Place Ville Marie, Bureau 4000, Montreal, QC, CAN, H3B 4M4

Website

https://www.midlandexploration.com

Midland Exploration Inc is a company in the mining exploration business. The Corporation's operations include the acquisition and exploration of mining properties in Canada. The company has multiple projects comprising Adam, Casault, Heva, Jouvex, Laflamme, Lewis, Maritime-Cadillac, Mythril, Mythril Regional, Soissons, Nachicapau, Noyelles, Willbob, and others.

Executives

Jean Des Rivieres

Director