Mammoth Resources (TSXV:MTH) ROCE % : -2.43% (As of Oct. 2023)

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What is Mammoth Resources 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. Mammoth Resources's annualized ROCE % for the quarter that ended in Oct. 2023 was -2.43%.

Mammoth Resources ROCE % Historical Data

The historical data trend for Mammoth Resources'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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Mammoth Resources ROCE % Chart

Mammoth Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-9.06

-1.79

-11.11

-13.61

-3.75

Mammoth Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															2.75	-9.80	-1.25	-0.25	-2.43

Mammoth Resources ROCE % Calculation

Mammoth Resources's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.182	/	( ( (5.055 - 0.173)	+	(4.881 - 0.067) )	/ 2 )
	=	-0.182	/	( (4.882	+	4.814)	/ 2 )
	=	-0.182	/	4.848
	=	-3.75 %

Mammoth Resources's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.116	/	( ( (4.822 - 0.027)	+	(4.794 - 0.028) )	/ 2 )
	=	-0.116	/	( ( 4.795	+	4.766 )	/ 2 )
	=	-0.116	/	4.7805
	=	-2.43 %

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

Mammoth Resources (TSXV:MTH) 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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Mammoth Resources (TSXV:MTH) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mammoth Resources Corp (TSXV:MTH) » Definitions » ROCE %

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MMMRF:USA

Address

150 York Street, Suite 410, Exchange Tower, Toronto, ON, CAN, M5H 3S5

Website

https://www.mammothresources.ca

Mammoth Resources Corp is an exploration-stage company. It is involved in the business of acquisition, exploration, and evaluation of mining properties in Mexico. It is focused on acquiring and defining precious metal resources in Mexico. Its project includes the Tenoriba property. The company has one reportable operating segment, being the Acquisition and Exploration of Assets in Mexico.