Madison Metals (XCNQ:GREN) ROCE % : -73.11% (As of Feb. 2024)

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What is Madison Metals 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. Madison Metals's annualized ROCE % for the quarter that ended in Feb. 2024 was -73.11%.

Madison Metals ROCE % Historical Data

The historical data trend for Madison Metals'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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Madison Metals ROCE % Chart

Madison Metals Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

-69.74

-43.74

-82.94

-109.79

Madison Metals Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial												-78.73	-32.82	-134.61	-65.94	-73.11

Madison Metals ROCE % Calculation

Madison Metals'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 )
	=	-3	/	( ( (3.679 - 0.042)	+	(2.401 - 0.573) )	/ 2 )
	=	-3	/	( (3.637	+	1.828)	/ 2 )
	=	-3	/	2.7325
	=	-109.79 %

Madison Metals'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 )
	=	-1.4	/	( ( (2.401 - 0.573)	+	(2.588 - 0.586) )	/ 2 )
	=	-1.4	/	( ( 1.828	+	2.002 )	/ 2 )
	=	-1.4	/	1.915
	=	-73.11 %

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

Madison Metals (XCNQ:GREN) 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.

Madison Metals ROCE % Related Terms

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Madison Metals (XCNQ:GREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Madison Metals Inc (XCNQ:GREN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MMTLF:USA 4EF0:Germany

Address

82 Richmond Street East, 4th Floor, Toronto, ON, CAN, M5C 1P1

Website

https://madisonmetals.ca

Madison Metals Inc mineral exploration and development company focusing on clean energy projects. It holds 100% interest in Kenora Uranium Project located around Kenora and Rossing North Project.

Executives

Duane Parnham

Director