Marvel Gold (ASX:MVL) ROCE % : -23.54% (As of Jun. 2023)

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What is Marvel Gold 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. Marvel Gold's annualized ROCE % for the quarter that ended in Jun. 2023 was -23.54%.

Marvel Gold ROCE % Historical Data

The historical data trend for Marvel Gold'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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Marvel Gold ROCE % Chart

Marvel Gold Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

ROCE %

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-117.64

-509.71

-106.89

-49.38

Marvel Gold Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											336.74	-84.28	8.82	-23.54	-86.10

Marvel Gold ROCE % Calculation

Marvel Gold'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 )
	=	-4.616	/	( ( (12.097 - 0.272)	+	(6.982 - 0.113) )	/ 2 )
	=	-4.616	/	( (11.825	+	6.869)	/ 2 )
	=	-4.616	/	9.347
	=	-49.38 %

Marvel Gold's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-2.44	/	( ( (12.097 - 0.272)	+	(9.071 - 0.163) )	/ 2 )
	=	-2.44	/	( ( 11.825	+	8.908 )	/ 2 )
	=	-2.44	/	10.3665
	=	-23.54 %

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

Marvel Gold (ASX:MVL) 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.

Marvel Gold ROCE % Related Terms

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Marvel Gold (ASX:MVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marvel Gold Ltd (ASX:MVL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRXMF:USA GR2:Germany

Address

1318 Hay Street, Level One, Perth, WA, AUS, 6005

Website

https://www.marvelgold.com.au

Marvel Gold Ltd is a Mali-focused gold explorer company with advanced gold exploration projects and extensive landholdings in South and West Mali. The project portfolio of the group includes Tabakorole Gold project, Lakanfla Gold project, Yanfolila Gold project, and Kolondieba Gold project.

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