Globex Mining Enterprises (FRA:G1MN) ROCE % : -6.97% (As of Mar. 2024)

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What is Globex Mining Enterprises 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. Globex Mining Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.97%.

Globex Mining Enterprises ROCE % Historical Data

The historical data trend for Globex Mining Enterprises'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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Globex Mining Enterprises ROCE % Chart

Globex Mining Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.20

50.67

137.92

-6.81

4.13

Globex Mining Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.98	-3.19	-6.57	34.06	-6.97

Globex Mining Enterprises ROCE % Calculation

Globex Mining Enterprises'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 )
	=	0.9	/	( ( (21.719 - 0.146)	+	(22.162 - 0.117) )	/ 2 )
	=	0.9	/	( (21.573	+	22.045)	/ 2 )
	=	0.9	/	21.809
	=	4.13 %

Globex Mining Enterprises's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.532	/	( ( (22.162 - 0.117)	+	(22.377 - 0.478) )	/ 2 )
	=	-1.532	/	( ( 22.045	+	21.899 )	/ 2 )
	=	-1.532	/	21.972
	=	-6.97 %

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

Globex Mining Enterprises (FRA:G1MN) 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.

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Globex Mining Enterprises (FRA:G1MN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Globex Mining Enterprises Inc (FRA:G1MN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GLBXF:USA G1MN:Germany GMX:Canada

Address

89 Belsize Drive, Toronto, ON, CAN, M4S 1L3

Website

https://www.globexmining.com

Globex Mining Enterprises Inc is a Canada-based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company's mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.

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