Minco Capital (FRA:MI5) ROCE % : 9.02% (As of Dec. 2023)

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What is Minco Capital 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. Minco Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.02%.

Minco Capital ROCE % Historical Data

The historical data trend for Minco Capital'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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Minco Capital ROCE % Chart

Minco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.90

-15.39

-16.08

-30.68

-21.61

Minco Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															43.46	-3.63	-21.75	-71.03	9.02

Minco Capital ROCE % Calculation

Minco Capital'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 )
	=	-0.949	/	( ( (4.975 - 0.055)	+	(3.921 - 0.057) )	/ 2 )
	=	-0.949	/	( (4.92	+	3.864)	/ 2 )
	=	-0.949	/	4.392
	=	-21.61 %

Minco Capital'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	0.348	/	( ( (3.896 - 0.046)	+	(3.921 - 0.057) )	/ 2 )
	=	0.348	/	( ( 3.85	+	3.864 )	/ 2 )
	=	0.348	/	3.857
	=	9.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Minco Capital (FRA:MI5) 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.

Minco Capital ROCE % Related Terms

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Minco Capital (FRA:MI5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Minco Capital Corp (FRA:MI5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MGHCF:USA MI5:Germany MMM:Canada

Address

No. 2060 - 1055 West Georgia Street, PO Box 11176, Vancouver, BC, CAN, V6E 3R5

Website

http://www.mincocapitalcorp.com

Minco Capital Corp is a Canadian company that is focused on utilizing its working capital position, industry contacts and internal expertise to identify, evaluate and invest in assets that have the capacity to generate returns and growth. The company invests in publicly traded and privately held corporations as well as taking indirect and direct ownership stakes in resource projects. Its types of investments may include common shares, preferred shares, warrants, royalties, convertible debentures, bridge loans, and other investment vehicles. It has one segment which is the acquisition and sale of investments in other companies.

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