MNGG (Mining Global) ROC %: -213.59% (As of Nov. 2023)

What is Mining Global ROC %?

Mining Global MNGG -99.00% ROC % is -213.59% as of Nov. 2023.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Mining Global's annualized return on capital (ROC %) for the quarter that ended in Nov. 2023 was -213.59%.

As of today (2026-07-03), Mining Global's WACC % is 0.00%. Mining Global's ROC % is 0.00% (calculated using TTM income statement data). Mining Global earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Mining Global (OTCPK:MNGG) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Mining Global's WACC % is 0.00%. Mining Global's ROC % is 0.00% (calculated using TTM income statement data). Mining Global earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Mining Global ROC % Related Terms

Mining Global ROC % Historical Data

* Premium members only.

The historical data trend for Mining Global's ROC % 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.

Mining Global ROC % Chart

Mining Global Annual Data

Trend

Aug10

Aug11

Aug12

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

ROC %

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-3.78

-2.79

-1.83

2.97

0.00

Mining Global Quarterly Data
	Feb12	May12	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Nov20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROC %	Get a 7-Day Free Trial															-6.82	20.84	-2.14	-52.85	-213.59

Mining Global ROC % Calculation

Mining Global's annualized Return on Capital (ROC %) for the fiscal year that ended in Aug. 2022 is calculated as:

	ROC % (A: Aug. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Aug. 2021 )	+	Invested Capital (A: Aug. 2022 ))	/ count )
=	0 * ( 1 - 0% )	/	( (1.623	+	0.06)	/ 2 )
=	0	/	0.8415
=	0.00 %

where

	Invested Capital		(A: Aug. 2021 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1.436	-	0.328	-	( 0.708	-	max(0, 1.223	-	0.708	+	0.708	))
=	1.623

	Invested Capital		(A: Aug. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0.001	-	( 0	-	max(0, 0.061	-	0	+	0	))
=	0.06

Mining Global's annualized Return on Capital (ROC %) for the quarter that ended in Nov. 2023 is calculated as:

	ROC % (Q: Nov. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Aug. 2023 )	+	Invested Capital (Q: Nov. 2023 ))	/ count )
=	-0.22 * ( 1 - 0% )	/	( (0.05	+	0.156)	/ 2 )
=	-0.22	/	0.103
=	-213.59 %

where

	Invested Capital		(Q: Aug. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.02	-	0.006	-	( 0.02	-	max(0, 0.056	-	0.02	+	0.02	))
=	0.05

	Invested Capital		(Q: Nov. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.013	-	0.017	-	( 0.013	-	max(0, 0.173	-	0.013	+	0.013	))
=	0.156

Note: The Operating Income data used here is four times the quarterly (Nov. 2023) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -213.59% mean?

Mining Global (MNGG) has a ROC % of -213.59% as of Nov. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Mining Global and its competitors.

Is Mining Global's ROC % too high?

Mining Global's current ROC % is -213.59%.

How does Mining Global's ROC % compare to STAL and BMXI?

Mining Global's ROC % of -213.59% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Metals & Mining company?

A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Mining Global and its competitors. Mining Global's current ROC % is -213.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mining Global stock overvalued right now?

Mining Global (MNGG) has a current ROC % of -213.59%. The current ROC % is -213.59%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For Mining Global (MNGG), the current ROC % is -213.59% as of Nov. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mining Global Business Description

Industry Basic Materials Metals & Mining

Comparable Companies STAL BMXI NSAUF GKIN IMII OSCI SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI ASX:NST AU SHSE:600489 RGLD

Address 500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.