MGX Minerals (MGX Minerals) ROCE % : 0.00% (As of Apr. 2021)

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What is MGX Minerals 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. MGX Minerals's annualized ROCE % for the quarter that ended in Apr. 2021 was 0.00%.

MGX Minerals ROCE % Historical Data

The historical data trend for MGX Minerals'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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MGX Minerals ROCE % Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

ROCE %

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-281.04

-247.29

-107.09

-100.11

-266.52

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
ROCE %	Get a 7-Day Free Trial															-104.27	-1,413.34	-	-	-

MGX Minerals ROCE % Calculation

MGX Minerals's annualized ROCE % for the fiscal year that ended in Jul. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2020 )		(A: Jul. 2019 )		(A: Jul. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2020 )		(A: Jul. 2019 )		(A: Jul. 2020 )
	=	-18.363	/	( ( (20.4 - 5.451)	+	(8.969 - 10.138) )	/ 2 )
	=	-18.363	/	( (14.949	+	-1.169)	/ 2 )
	=	-18.363	/	6.89
	=	-266.52 %

MGX Minerals's ROCE % of for the quarter that ended in Apr. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2021 )		(Q: Jan. 2021 )		(Q: Apr. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2021 )		(Q: Jan. 2021 )		(Q: Apr. 2021 )
	=	-2.88	/	( ( (9.782 - 10.104)	+	(9.218 - 10.27) )	/ 2 )
	=	-2.88	/	( ( -0.322	+	-1.052 )	/ 2 )
	=	-2.88	/	-0.687
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2021) EBIT data.

MGX Minerals (OTCPK:MGXMF) 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.

MGX Minerals ROCE % Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MGX Minerals Inc (OTCPK:MGXMF) » Definitions » ROCE %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.