Medaro Mining (FRA:1ZY0) ROCE % : -61.29% (As of Jun. 2024)

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What is Medaro 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. Medaro Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was -61.29%.

Medaro Mining ROCE % Historical Data

The historical data trend for Medaro 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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Medaro Mining ROCE % Chart

Medaro Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-96.80

-277.27

-188.25

Medaro Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial											-70.07	-184.64	-199.33	-74.53	-61.29

Medaro Mining ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-4.263	/	( ( (3.313 - 0.423)	+	(2.492 - 0.853) )	/ 2 )
	=	-4.263	/	( (2.89	+	1.639)	/ 2 )
	=	-4.263	/	2.2645
	=	-188.25 %

Medaro Mining's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.82	/	( ( (2.146 - 0.854)	+	(2.288 - 0.904) )	/ 2 )
	=	-0.82	/	( ( 1.292	+	1.384 )	/ 2 )
	=	-0.82	/	1.338
	=	-61.29 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Medaro Mining (FRA:1ZY0) 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.

Medaro Mining ROCE % Related Terms

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Medaro Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Medaro Mining Corp (FRA:1ZY0) » Definitions » ROCE %

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Traded in Other Exchanges

MEDAF:USA MEDA:Canada

Address

333 Terminal Avenue, Suite 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.medaromining.com

Medaro Mining Corp is in the business of acquiring, exploring, and evaluating mineral resource properties in Canada. The company's projects include Lac la motte; Rapide lithium; Darlin lithium; CYR south lithium; Superb lake lithium, and Yurchison uranium.

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