MC Mining (AQSE:MCM.GB) ROCE % : -10.34% (As of Dec. 2023)

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What is MC 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. MC Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.34%.

MC Mining ROCE % Historical Data

The historical data trend for MC 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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MC Mining ROCE % Chart

MC Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-18.05

-7.72

-8.81

-19.34

-2.42

MC Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.88	-38.52	1.57	-5.79	-10.34

MC Mining ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.846	/	( ( (101.837 - 27.561)	+	(98.553 - 20.133) )	/ 2 )
	=	-1.846	/	( (74.276	+	78.42)	/ 2 )
	=	-1.846	/	76.348
	=	-2.42 %

MC 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-7.988	/	( ( (98.553 - 20.133)	+	(98.579 - 22.493) )	/ 2 )
	=	-7.988	/	( ( 78.42	+	76.086 )	/ 2 )
	=	-7.988	/	77.253
	=	-10.34 %

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

MC Mining (AQSE:MCM.GB) 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.

MC Mining ROCE % Related Terms

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MC Mining (AQSE:MCM.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » MC Mining Ltd (AQSE:MCM.GB) » Definitions » ROCE %

Traded in Other Exchanges

MCZ:South Africa MCM:UK G1V:Germany MCM:Australia

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.mcmining.co.za

MC Mining Ltd is a coal mining company in South Africa. It has three reportable segments namely Exploration, Development, and Mining. The Exploration segment involves in search of resources for commercial exploitation and viability and determines technical feasibility. The Development segment is engaged in commissioning facilities to extract, treat, and transport products from the mineral reserve and other preparations for commercial production. The Mining segment, which is the key revenue generator is involved in the day to day activities of obtaining a saleable product from mineral reserve on a commercial scale. Some of its key projects include Uitkomst Colliery, the Makhado project, and the Greater Soutpansberg Project. Its geographical segments include Australia and South Africa.

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