Minto Metals (TSXV:MNTO) ROCE %

: -18.98% (As of Dec. 2022)

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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. Minto Metals's annualized ROCE % for the quarter that ended in Dec. 2022 was -18.98%.

Minto Metals ROCE % Historical Data

The historical data trend for Minto Metals'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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Minto Metals Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-25.41

6.12

-7.26

Minto Metals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %					67.46	104.97	-45.99	-70.62	-18.98

Minto Metals ROCE % Calculation

Minto Metals'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 )
	=	-3.985	/	( ( (116.154 - 56.027)	+	(124.865 - 75.146) )	/ 2 )
	=	-3.985	/	( (60.127	+	49.719)	/ 2 )
	=	-3.985	/	54.923
	=	-7.26 %

Minto Metals's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-10.488	/	( ( (159.291 - 98.478)	+	(124.865 - 75.146) )	/ 2 )
	=	-10.488	/	( ( 60.813	+	49.719 )	/ 2 )
	=	-10.488	/	55.266
	=	-18.98 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Minto Metals (TSXV:MNTO) 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.

Minto Metals ROCE % Related Terms

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Minto Metals (TSXV:MNTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minto Metals Corp (TSXV:MNTO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 Wasson Place, Whitehorse, YT, CAN, Y1A 0H7

Website

https://www.mintometals.com

Minto Metals Corp operates in the mining industry. The company's current mine operations are based on underground mining, a process plant to produce high-grade copper, gold and silver concentrate. The group is performing its mining and milling activities from the Copper Keel ore body. It has one segment for reporting which is the operations at the Company's Canadian Mine location.

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