Mt Malcolm Mines NL (ASX:M2M) ROCE % : -16.04% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Mt Malcolm Mines NL 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. Mt Malcolm Mines NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.04%.

Mt Malcolm Mines NL ROCE % Historical Data

The historical data trend for Mt Malcolm Mines NL'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.

* Premium members only.

Mt Malcolm Mines NL ROCE % Chart

Mt Malcolm Mines NL Annual Data

Trend

Jun22

Jun23

ROCE %

-16.57

-17.44

Mt Malcolm Mines NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-19.58	-12.23	-17.50	-18.05	-16.04

Mt Malcolm Mines NL ROCE % Calculation

Mt Malcolm Mines NL'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 )
	=	-1.372	/	( ( (8.776 - 0.516)	+	(7.883 - 0.412) )	/ 2 )
	=	-1.372	/	( (8.26	+	7.471)	/ 2 )
	=	-1.372	/	7.8655
	=	-17.44 %

Mt Malcolm Mines NL'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.178	/	( ( (7.883 - 0.412)	+	(8.112 - 0.894) )	/ 2 )
	=	-1.178	/	( ( 7.471	+	7.218 )	/ 2 )
	=	-1.178	/	7.3445
	=	-16.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Mt Malcolm Mines NL (ASX:M2M) 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.

Mt Malcolm Mines NL ROCE % Related Terms

Thank you for viewing the detailed overview of Mt Malcolm Mines NL's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.mtmalcolm.com.au

Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

Mt Malcolm Mines NL (ASX:M2M) Headlines

No Headlines