Metallic Minerals (FRA:9MM1) ROCE % : -71.11% (As of Jan. 2024)

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What is Metallic Minerals 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. Metallic Minerals's annualized ROCE % for the quarter that ended in Jan. 2024 was -71.11%.

Metallic Minerals ROCE % Historical Data

The historical data trend for Metallic Minerals'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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Metallic Minerals ROCE % Chart

Metallic Minerals Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

ROCE %

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-261.07

-161.36

-161.83

-159.38

-91.62

Metallic Minerals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-140.27	-18.87	-47.68	-180.06	-71.11

Metallic Minerals ROCE % Calculation

Metallic Minerals's annualized ROCE % for the fiscal year that ended in Jul. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2022 )		(A: Jul. 2021 )		(A: Jul. 2022 )
	=	-5.479	/	( ( (5.656 - 0.131)	+	(6.918 - 0.483) )	/ 2 )
	=	-5.479	/	( (5.525	+	6.435)	/ 2 )
	=	-5.479	/	5.98
	=	-91.62 %

Metallic Minerals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-3.784	/	( ( (5.979 - 0.539)	+	(5.287 - 0.085) )	/ 2 )
	=	-3.784	/	( ( 5.44	+	5.202 )	/ 2 )
	=	-3.784	/	5.321
	=	-71.11 %

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

Metallic Minerals (FRA:9MM1) 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.

Metallic Minerals ROCE % Related Terms

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Metallic Minerals (FRA:9MM1) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metallic Minerals Corp (FRA:9MM1) » Definitions » ROCE %

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MMNGF:USA MMG:Canada

Address

409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2

Website

https://www.metallic-minerals.com

Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. It seeks to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing the probability of long-term success. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company is building a portfolio of gold royalties in the historic Klondike Gold District.

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