Montage Gold (TSXV:MAU) ROCE % : -85.53% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Montage Gold 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. Montage Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -85.53%.

Montage Gold ROCE % Historical Data

The historical data trend for Montage Gold'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.

Montage Gold ROCE % Chart

Montage Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-24.32

-30.75

-70.24

-23.83

-51.82

Montage Gold Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													-37.89	-46.27	-42.91	-21.92	-85.53

Montage Gold ROCE % Calculation

Montage Gold's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-24.42	/	( ( (51.966 - 2.168)	+	(45.688 - 1.245) )	/ 2 )
	=	-24.42	/	( (49.798	+	44.443)	/ 2 )
	=	-24.42	/	47.1205
	=	-51.82 %

Montage Gold'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-41.96	/	( ( (54.723 - 1.051)	+	(45.688 - 1.245) )	/ 2 )
	=	-41.96	/	( ( 53.672	+	44.443 )	/ 2 )
	=	-41.96	/	49.0575
	=	-85.53 %

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

Montage Gold (TSXV:MAU) 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.

Montage Gold ROCE % Related Terms

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

Montage Gold (TSXV:MAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Montage Gold Corp (TSXV:MAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MAUTF:USA

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.montagegoldcorp.com

Montage Gold Corp is a mineral exploration and development company. It is engaged in the acquisition, exploration and development of mineral properties in Africa. The company's mineral properties are located in Cote d'Ivoire where it owns four permits and nine permit applications. Its projects include the Morondo Gold Project, the Korokaha Gold Project, and the Bobosso Gold Project.

Executives

Kevin John Ross

Senior Officer

Montage Gold (TSXV:MAU) Headlines

No Headlines