Mountain Province Diamonds (Mountain Province Diamonds) ROCE % : 18.11% (As of Mar. 2023)

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What is Mountain Province Diamonds 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. Mountain Province Diamonds's annualized ROCE % for the quarter that ended in Mar. 2023 was 18.11%.

Mountain Province Diamonds ROCE % Historical Data

The historical data trend for Mountain Province Diamonds'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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Mountain Province Diamonds ROCE % Chart

Mountain Province Diamonds Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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2.29

-11.74

-36.10

67.00

15.25

Mountain Province Diamonds Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															30.71	28.86	5.62	11.50	18.11

Mountain Province Diamonds ROCE % Calculation

Mountain Province Diamonds's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	75.148	/	( ( (685.545 - 322.902)	+	(661.421 - 38.457) )	/ 2 )
	=	75.148	/	( (362.643	+	622.964)	/ 2 )
	=	75.148	/	492.8035
	=	15.25 %

Mountain Province Diamonds's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	114.584	/	( ( (661.421 - 38.457)	+	(720.419 - 78.245) )	/ 2 )
	=	114.584	/	( ( 622.964	+	642.174 )	/ 2 )
	=	114.584	/	632.569
	=	18.11 %

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

Mountain Province Diamonds (OTCPK:MPVDF) 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.

Mountain Province Diamonds ROCE % Related Terms

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Mountain Province Diamonds (Mountain Province Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mountain Province Diamonds Inc (OTCPK:MPVDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MPG:Germany MPVD:Canada

Address

161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1

Website

https://www.mountainprovince.com

Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.