Moonbound Mining (XCNQ:MML) ROCE % : -5.66% (As of Jan. 2024)

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What is Moonbound Mining 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. Moonbound Mining's annualized ROCE % for the quarter that ended in Jan. 2024 was -5.66%.

Moonbound Mining ROCE % Historical Data

The historical data trend for Moonbound Mining'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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Moonbound Mining ROCE % Chart

Moonbound Mining Annual Data

Trend

Apr22

Apr23

ROCE %

-29.38

Moonbound Mining Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial				-66.86	-32.69	-139.53	-59.81	-5.66

Moonbound Mining ROCE % Calculation

Moonbound Mining'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 )
	=	-0.124	/	( ( (0.288 - 0.013)	+	(0.625 - 0.056) )	/ 2 )
	=	-0.124	/	( (0.275	+	0.569)	/ 2 )
	=	-0.124	/	0.422
	=	-29.38 %

Moonbound Mining'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 )
	=	-0.744	/	( ( (3.195 - 0.104)	+	(26.65 - 3.467) )	/ 2 )
	=	-0.744	/	( ( 3.091	+	23.183 )	/ 2 )
	=	-0.744	/	13.137
	=	-5.66 %

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

Moonbound Mining (XCNQ:MML) 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.

Moonbound Mining ROCE % Related Terms

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Moonbound Mining (XCNQ:MML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moonbound Mining Ltd (XCNQ:MML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

https://www.mmlmining.ca

Moonbound Mining Ltd is a mineral exploration and development company focused on the Yak Property in Northwestern British Columbia, Canada. The Company's principal business activities include the acquisition and exploration of mineral property assets.

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