Euro Manganese (FRA:E06A) ROCE % : -42.63% (As of Mar. 2024)

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What is Euro Manganese 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. Euro Manganese's annualized ROCE % for the quarter that ended in Mar. 2024 was -42.63%.

Euro Manganese ROCE % Historical Data

The historical data trend for Euro Manganese'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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Euro Manganese ROCE % Chart

Euro Manganese Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

ROCE %

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-89.06

-102.08

-105.66

-44.28

-37.94

Euro Manganese Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-26.46	-49.63	-27.23	-25.13	-42.63

Euro Manganese ROCE % Calculation

Euro Manganese's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	-10.17	/	( ( (29.071 - 3.814)	+	(30.208 - 1.848) )	/ 2 )
	=	-10.17	/	( (25.257	+	28.36)	/ 2 )
	=	-10.17	/	26.8085
	=	-37.94 %

Euro Manganese's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-14.016	/	( ( (37.746 - 3.252)	+	(35.287 - 4.025) )	/ 2 )
	=	-14.016	/	( ( 34.494	+	31.262 )	/ 2 )
	=	-14.016	/	32.878
	=	-42.63 %

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

Euro Manganese (FRA:E06A) 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.

Euro Manganese ROCE % Related Terms

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Euro Manganese (FRA:E06A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Manganese Inc (FRA:E06A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EUMNF:USA E06:Germany EMN:Canada EMN:Australia

Address

700 West Pender Street, Suite 709, Vancouver, BC, CAN, V6C 1G8

Website

https://www.mn25.ca

Euro Manganese Inc is a Canada-based mineral exploration company. It is mainly engaged in the evaluation and development of the Chvaletice manganese project for the production of high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate ("HPMSM") and other high-purity manganese products.

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