Monument Mining (Monument Mining) ROCE % : 1.64% (As of Sep. 2023)

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What is Monument 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. Monument Mining's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.64%.

Monument Mining ROCE % Historical Data

The historical data trend for Monument 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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Monument Mining ROCE % Chart

Monument Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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1.08

1.79

-51.39

-4.95

-4.27

Monument Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-0.53	-10.26	-4.43	-1.84	1.64

Monument Mining ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-5.394	/	( ( (134.025 - 5.272)	+	(133.122 - 9.408) )	/ 2 )
	=	-5.394	/	( (128.753	+	123.714)	/ 2 )
	=	-5.394	/	126.2335
	=	-4.27 %

Monument Mining's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.032	/	( ( (133.122 - 9.408)	+	(135.039 - 11.493) )	/ 2 )
	=	2.032	/	( ( 123.714	+	123.546 )	/ 2 )
	=	2.032	/	123.63
	=	1.64 %

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

Monument Mining (OTCPK:MMTMF) 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.

Monument Mining ROCE % Related Terms

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Monument Mining (Monument Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monument Mining Ltd (OTCPK:MMTMF) » Definitions » ROCE %

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D7Q1:Germany MMY:Canada

Address

1100 Melville Street, Suite 1580, Vancouver, BC, CAN, V6E 4A6

Website

https://www.monumentmining.com

Monument Mining Ltd is a gold exploration company engaged in gold producing and mining asset developer that owns and operates the Selinsing gold mine in Malaysia. The Selinsing gold portfolio comprises of Selinsing, Buffalo Reef, Felda Land and Famehub properties in Pahang State, Malaysia and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra properties in Western Australia.