McLaren Minerals (ASX:MML) ROCE % : -76.49% (As of Dec. 2024)

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What is McLaren Minerals 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. McLaren Minerals's annualized ROCE % for the quarter that ended in Dec. 2024 was -76.49%.

McLaren Minerals ROCE % Historical Data

The historical data trend for McLaren Minerals'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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McLaren Minerals ROCE % Chart

McLaren Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-12.73

-34.80

-41.53

McLaren Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-31.14	-39.47	-33.36	-51.03	-76.49

McLaren Minerals ROCE % Calculation

McLaren Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.499	/	( ( (4.464 - 0.196)	+	(3.101 - 0.15) )	/ 2 )
	=	-1.499	/	( (4.268	+	2.951)	/ 2 )
	=	-1.499	/	3.6095
	=	-41.53 %

McLaren Minerals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-2.182	/	( ( (3.101 - 0.15)	+	(3.192 - 0.438) )	/ 2 )
	=	-2.182	/	( ( 2.951	+	2.754 )	/ 2 )
	=	-2.182	/	2.8525
	=	-76.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

McLaren Minerals (ASX:MML) 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.

McLaren Minerals ROCE % Related Terms

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McLaren Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McLaren Minerals Ltd (ASX:MML) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

U770:Germany

Address

Unit A8, 435 Roberts Road, Subiaco, WA, AUS, 6008

Website

https://www.allupsilica.com

McLaren Minerals Ltd, formerly Allup Silica Ltd is a silica exploration company focused on the future development of its silica sand tenements located across several exploration project locations in Western Australia. The projects of the company include Sparkler, Pink Bark, Esperance Sands, and Cabbage Spot.

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