Millbank Mining (TSXV:MILL) ROCE % : -31.56% (As of Feb. 2024)

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What is Millbank 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. Millbank Mining's annualized ROCE % for the quarter that ended in Feb. 2024 was -31.56%.

Millbank Mining ROCE % Historical Data

The historical data trend for Millbank 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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Millbank Mining ROCE % Chart

Millbank Mining Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

ROCE %

-8.93

-54.90

-50.81

-27.10

Millbank Mining Quarterly Data
	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial										-18.51	-30.60	-18.63	-41.38	-31.56

Millbank Mining ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.095	/	( ( (0.422 - 0.024)	+	(0.324 - 0.021) )	/ 2 )
	=	-0.095	/	( (0.398	+	0.303)	/ 2 )
	=	-0.095	/	0.3505
	=	-27.10 %

Millbank Mining's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.092	/	( ( (0.324 - 0.021)	+	(0.305 - 0.025) )	/ 2 )
	=	-0.092	/	( ( 0.303	+	0.28 )	/ 2 )
	=	-0.092	/	0.2915
	=	-31.56 %

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

Millbank Mining (TSXV:MILL) 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.

Millbank Mining ROCE % Related Terms

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Millbank Mining (TSXV:MILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millbank Mining Corp (TSXV:MILL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

https://www.millbankmining.com

Millbank Mining Corp is a mineral exploration company in British Columbia, Canada. It holds an interest in the Arthur Lake property located in the Lake District of British Columbia.

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