Meridian Mining UK Societas (FRA:N2E) ROCE % : -67.11% (As of Sep. 2024)

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What is Meridian Mining UK Societas 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. Meridian Mining UK Societas's annualized ROCE % for the quarter that ended in Sep. 2024 was -67.11%.

Meridian Mining UK Societas ROCE % Historical Data

The historical data trend for Meridian Mining UK Societas'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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Meridian Mining UK Societas ROCE % Chart

Meridian Mining UK Societas Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23,454.24

-82.29

8.16

-87.90

Meridian Mining UK Societas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-72.80	-96.25	-73.86	-88.93	-67.11

Meridian Mining UK Societas ROCE % Calculation

Meridian Mining UK Societas'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 )
	=	-10.937	/	( ( (14.399 - 3.314)	+	(16.003 - 2.203) )	/ 2 )
	=	-10.937	/	( (11.085	+	13.8)	/ 2 )
	=	-10.937	/	12.4425
	=	-87.90 %

Meridian Mining UK Societas's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-12.28	/	( ( (22.577 - 2.519)	+	(18.617 - 2.08) )	/ 2 )
	=	-12.28	/	( ( 20.058	+	16.537 )	/ 2 )
	=	-12.28	/	18.2975
	=	-67.11 %

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

Meridian Mining UK Societas (FRA:N2E) 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.

Meridian Mining UK Societas ROCE % Related Terms

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Meridian Mining UK Societas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meridian Mining UK Societas (FRA:N2E) » Definitions » ROCE %

Comparable Companies

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MRRDF:USA N2E:Germany MNO:Canada

Address

4 More London Riverside, 8th Floor, London, GBR, SE1 2AU

Website

https://www.meridianmining.co

Meridian Mining UK Societas is engaged in the exploration and development of mineral deposits in Brazil through its subsidiaries, Jaburi and Rio Cabacal. The Company is currently focused on resource development of the Cabacal Project, the regional scale exploration of the Cabacal VMS belt and the exploration in the Jauru & Araputanga Greenstone belts, all located in the state of Mato Grosso. The Company operates in one operating segment, being the acquisition, exploration and development of exploration and mineral properties in Brazil.

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