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Many Peaks Minerals (ASX:MPK) ROCE % : -110.48% (As of Dec. 2023)


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What is Many Peaks 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. Many Peaks Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -110.48%.


Many Peaks Minerals ROCE % Historical Data

The historical data trend for Many Peaks 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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Many Peaks Minerals ROCE % Chart

Many Peaks Minerals Annual Data
Trend Jun21 Jun22 Jun23
ROCE %
- -20.04 -27.97

Many Peaks Minerals Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
ROCE % - -13.37 -43.70 -110.48

Many Peaks Minerals ROCE % Calculation

Many Peaks Minerals'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 )
=-1.456/( ( (5.983 - 0.645) + (5.43 - 0.356) )/ 2 )
=-1.456/( (5.338+5.074)/ 2 )
=-1.456/5.206
=-27.97 %

Many Peaks Minerals'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 )
=-4.554/( ( (5.43 - 0.356) + (3.248 - 0.078) )/ 2 )
=-4.554/( ( 5.074 + 3.17 )/ 2 )
=-4.554/4.122
=-110.48 %

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

* 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.


Many Peaks Minerals  (ASX:MPK) 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.


Many Peaks Minerals ROCE % Related Terms

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Many Peaks Minerals (ASX:MPK) Business Description

Traded in Other Exchanges
N/A
Address
1060 Hay Street, Level 3, West Perth, WA, AUS, 6005
Many Peaks Minerals Ltd is a mineral exploration and development company focused on the central region of Queensland. The company has two project baskets which include QLD Australia and NL Canada.

Many Peaks Minerals (ASX:MPK) Headlines

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