ECR Minerals (ECR Minerals) ROCE % : -27.44% (As of Sep. 2023)

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What is ECR 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. ECR Minerals's annualized ROCE % for the quarter that ended in Sep. 2023 was -27.44%.

ECR Minerals ROCE % Historical Data

The historical data trend for ECR 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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ECR Minerals ROCE % Chart

ECR Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-22.23

-22.72

-20.74

-16.04

-28.50

ECR Minerals Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-20.93	-14.20	-18.15	-25.05	-27.44

ECR Minerals ROCE % Calculation

ECR Minerals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.828	/	( ( (6.858 - 0.234)	+	(6.395 - 0.191) )	/ 2 )
	=	-1.828	/	( (6.624	+	6.204)	/ 2 )
	=	-1.828	/	6.414
	=	-28.50 %

ECR Minerals's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.864	/	( ( (7.498 - 0.117)	+	(6.395 - 0.191) )	/ 2 )
	=	-1.864	/	( ( 7.381	+	6.204 )	/ 2 )
	=	-1.864	/	6.7925
	=	-27.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

ECR Minerals (OTCPK:MTGDY) 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.

ECR Minerals ROCE % Related Terms

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ECR Minerals (ECR Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ECR Minerals PLC (OTCPK:MTGDY) » Definitions » ROCE %

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ECR:UK

Address

Ranelagh Gardens, Office T3, Hurlingham Studios, London, GBR, SW6 3PA

Website

https://www.ecrminerals.com

ECR Minerals PLC is a mineral exploration and development company which acts as a holding company for its subsidiaries and other investments. It is involved in the identification, acquisition, exploration, and development of mineral projects. The company focuses on the exploration of Gold and Copper assets. The firm's current project area is Argentina, Australia, and the Philippines. Its projects include SLM gold, Danglay gold, and Central Victorian Gold.

ECR Minerals (ECR Minerals) Headlines

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