Mayfair Gold (TSXV:MFG) ROCE % : -106.56% (As of Dec. 2023)

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What is Mayfair 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. Mayfair Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -106.56%.

Mayfair Gold ROCE % Historical Data

The historical data trend for Mayfair 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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Mayfair Gold ROCE % Chart

Mayfair Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-33.89

-62.13

-95.83

-84.39

Mayfair Gold Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-144.46	-100.98	-105.52	-70.62	-106.56

Mayfair Gold ROCE % Calculation

Mayfair 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 )
	=	-19.092	/	( ( (21.807 - 2.506)	+	(28.493 - 2.546) )	/ 2 )
	=	-19.092	/	( (19.301	+	25.947)	/ 2 )
	=	-19.092	/	22.624
	=	-84.39 %

Mayfair Gold'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 )
	=	-24.084	/	( ( (20.717 - 1.463)	+	(28.493 - 2.546) )	/ 2 )
	=	-24.084	/	( ( 19.254	+	25.947 )	/ 2 )
	=	-24.084	/	22.6005
	=	-106.56 %

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

Mayfair Gold (TSXV:MFG) 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.

Mayfair Gold ROCE % Related Terms

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Mayfair Gold (TSXV:MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mayfair Gold Corp (TSXV:MFG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MFGCF:USA

Address

489 MacDougal Street, Matheson, ON, CAN, P0K 1N0

Website

https://www.mayfairgold.ca

Mayfair Gold Corp is a mineral exploration company that is engaged in the acquisition and exploration of mineral properties. It has one material mineral property, the Fenn-Gib Property, located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, which is in the exploration stage. The Company has one operating segment, which is defined as an exploration and development unit in Canada.

Executives