Myriad Uranium (Myriad Uranium) ROCE % : -77.69% (As of Jan. 2024)

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What is Myriad Uranium 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. Myriad Uranium's annualized ROCE % for the quarter that ended in Jan. 2024 was -77.69%.

Myriad Uranium ROCE % Historical Data

The historical data trend for Myriad Uranium'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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Myriad Uranium ROCE % Chart

Myriad Uranium Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

-49.50

-26.93

-13.55

-72.47

Myriad Uranium Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-31.92	-132.70	-112.42	-84.36	-77.69

Myriad Uranium ROCE % Calculation

Myriad Uranium's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-1.095	/	( ( (1.08 - 0.022)	+	(1.995 - 0.031) )	/ 2 )
	=	-1.095	/	( (1.058	+	1.964)	/ 2 )
	=	-1.095	/	1.511
	=	-72.47 %

Myriad Uranium'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 )
	=	-1.332	/	( ( (1.527 - 0.025)	+	(1.961 - 0.034) )	/ 2 )
	=	-1.332	/	( ( 1.502	+	1.927 )	/ 2 )
	=	-1.332	/	1.7145
	=	-77.69 %

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

Myriad Uranium (OTCPK:MYRUF) 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.

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Myriad Uranium (Myriad Uranium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Myriad Uranium Corp (OTCPK:MYRUF) » Definitions » ROCE %

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Traded in Other Exchanges

C3Q:Germany M:Canada

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.myriadmetalscorp.com

Myriad Uranium Corp is a mineral exploration company. The Company operates in one operating segment, which is the exploration and evaluation of mineral properties. The company has the option to earn a 100% interest in over 1,800 km of uranium exploration licenses in the Tim Mersoi Basin, Niger. Myriad also has a 100% interest in the Millen Mountain Property located in Nova Scotia, Canada.