Maple Gold Mines (FRA:M3G) ROCE % : -24.78% (As of Mar. 2024)

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What is Maple Gold Mines 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. Maple Gold Mines's annualized ROCE % for the quarter that ended in Mar. 2024 was -24.78%.

Maple Gold Mines ROCE % Historical Data

The historical data trend for Maple Gold Mines'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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Maple Gold Mines ROCE % Chart

Maple Gold Mines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-159.78

-93.60

-37.88

-32.39

-73.59

Maple Gold Mines Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-66.94	-122.43	-136.24	-76.62	-24.78

Maple Gold Mines ROCE % Calculation

Maple Gold Mines's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-7.066	/	( ( (15.447 - 2.981)	+	(7.78 - 1.043) )	/ 2 )
	=	-7.066	/	( (12.466	+	6.737)	/ 2 )
	=	-7.066	/	9.6015
	=	-73.59 %

Maple Gold Mines'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-0.616	/	( ( (4.289 - 1.296)	+	(2.65 - 0.672) )	/ 2 )
	=	-0.616	/	( ( 2.993	+	1.978 )	/ 2 )
	=	-0.616	/	2.4855
	=	-24.78 %

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

Maple Gold Mines (FRA:M3G) 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.

Maple Gold Mines ROCE % Related Terms

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Maple Gold Mines (FRA:M3G) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maple Gold Mines Ltd (FRA:M3G) » Definitions » ROCE %

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MGMLF:USA MGM:Canada

Address

600 - 1111 West Hastings Street, 6th Floor, Vancouver, BC, CAN, V6E 2J3

Website

https://www.maplegoldmines.com

Maple Gold Mines Ltd is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Ltd to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. The district-scale property package also hosts a significant number of regional exploration targets along a 55 km strike length of the Casa Berardi Deformation Zone that have yet to be tested through drilling, making the project ripe for new gold and polymetallic discoveries. Its segment includes mineral exploration in Canada. The company is well-capitalized and is currently focused on carrying out exploration and drill programs to grow resources and make new discoveries to establish an exciting new gold district in the heart of the Abitibi.

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