MARVF (Marvel Discovery) ROCE % : -18.79% (As of May. 2024)

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What is Marvel Discovery 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. Marvel Discovery's annualized ROCE % for the quarter that ended in May. 2024 was -18.79%.

Marvel Discovery ROCE % Historical Data

The historical data trend for Marvel Discovery'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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Marvel Discovery ROCE % Chart

Marvel Discovery Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-21.99

-22.82

-43.72

-36.77

-19.34

Marvel Discovery Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															-1.56	-41.69	-21.81	-26.55	-18.79

Marvel Discovery ROCE % Calculation

Marvel Discovery's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.539	/	( ( (2.828 - 0.519)	+	(3.846 - 0.58) )	/ 2 )
	=	-0.539	/	( (2.309	+	3.266)	/ 2 )
	=	-0.539	/	2.7875
	=	-19.34 %

Marvel Discovery's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-0.64	/	( ( (4.592 - 1.084)	+	(4.445 - 1.141) )	/ 2 )
	=	-0.64	/	( ( 3.508	+	3.304 )	/ 2 )
	=	-0.64	/	3.406
	=	-18.79 %

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

Marvel Discovery (OTCPK:MARVF) 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.

Marvel Discovery ROCE % Related Terms

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Marvel Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Marvel Discovery Corp (OTCPK:MARVF) » Definitions » ROCE %

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O4T:Germany MARV:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.marveldiscovery.ca

Marvel Discovery Corp is engaged in the acquisition, and exploration of mineral properties in Canada. It holds interest in Blackfly Property, Baie Verte Line Property, Duhamel Property, and Highway Property among others.