Marula Mining (AQSE:MARU) ROCE % : -260.48% (As of Dec. 2023)

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What is Marula Mining 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. Marula Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -260.48%.

Marula Mining ROCE % Historical Data

The historical data trend for Marula Mining'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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Marula Mining ROCE % Chart

Marula Mining Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2,230.56

-260.48

Marula Mining Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			-	-	-	-2,230.56	-260.48

Marula Mining ROCE % Calculation

Marula Mining's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-2.959	/	( ( (3.049 - 2.986)	+	(6.126 - 3.917) )	/ 2 )
	=	-2.959	/	( (0.063	+	2.209)	/ 2 )
	=	-2.959	/	1.136
	=	-260.48 %

Marula Mining's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-2.959	/	( ( (3.049 - 2.986)	+	(6.126 - 3.917) )	/ 2 )
	=	-2.959	/	( ( 0.063	+	2.209 )	/ 2 )
	=	-2.959	/	1.136
	=	-260.48 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Marula Mining (AQSE:MARU) 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.

Marula Mining ROCE % Related Terms

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Marula Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marula Mining PLC (AQSE:MARU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

48U0:Germany

Address

C/O Memery Crystal LLP, 165 Fleet Street, Memery Crystal, London, GBR, EC4A 2DY

Website

https://www.marulamining.com

Marula Mining PLC is an African focused mining and exploration company. It focuses on identifying and targeting investments in near-term production and revenue generating opportunities within Africa's mining sector. It engages in the acquisition of several lithium, tantalum, niobium, graphite and tin, and other base metals projects. The company is engaged in various projects which are Blesberg Lithium and Tantalum Mine project and Nkombwa Hill Niobium, Tantalum, Rare Earths and Phosphate project.

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