M3 Mining (ASX:M3M) ROCE % : -92.27% (As of Dec. 2023)

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What is M3 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. M3 Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -92.27%.

M3 Mining ROCE % Historical Data

The historical data trend for M3 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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M3 Mining ROCE % Chart

M3 Mining Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-39.21

-70.52

-95.84

M3 Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-42.51	-57.24	-75.84	-92.27	-117.65

M3 Mining ROCE % Calculation

M3 Mining'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 )
	=	-2.2	/	( ( (3.021 - 0.267)	+	(2.116 - 0.279) )	/ 2 )
	=	-2.2	/	( (2.754	+	1.837)	/ 2 )
	=	-2.2	/	2.2955
	=	-95.84 %

M3 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 )
	=	-2.172	/	( ( (3.021 - 0.267)	+	(2.168 - 0.214) )	/ 2 )
	=	-2.172	/	( ( 2.754	+	1.954 )	/ 2 )
	=	-2.172	/	2.354
	=	-92.27 %

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

M3 Mining (ASX:M3M) 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.

M3 Mining ROCE % Related Terms

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M3 Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M3 Mining Ltd (ASX:M3M) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 St Georges Terrace, Level 4, West Perth, Perth, WA, AUS, 6000

Website

https://www.m3mining.com.au

M3 Mining Ltd is a mining exploration company. It focuses on unlocking copper and gold deposit in West Australian mining jurisdiction. The company's project includes Victoria Bore Copper and Edjudina Gold. The Company has one reportable segment, being mineral exploration in Australia.

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