Metals Creek Resources (Metals Creek Resources) ROCE % : -5.00% (As of Dec. 2023)

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What is Metals Creek Resources 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. Metals Creek Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.00%.

Metals Creek Resources ROCE % Historical Data

The historical data trend for Metals Creek Resources'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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Metals Creek Resources ROCE % Chart

Metals Creek Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.33

-6.90

-11.43

-8.09

-6.41

Metals Creek Resources 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															2.35	-9.04	-6.46	-5.75	-5.00

Metals Creek Resources ROCE % Calculation

Metals Creek Resources'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 )
	=	-0.431	/	( ( (6.969 - 0.144)	+	(6.724 - 0.107) )	/ 2 )
	=	-0.431	/	( (6.825	+	6.617)	/ 2 )
	=	-0.431	/	6.721
	=	-6.41 %

Metals Creek Resources'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 )
	=	-0.324	/	( ( (6.453 - 0.118)	+	(6.724 - 0.107) )	/ 2 )
	=	-0.324	/	( ( 6.335	+	6.617 )	/ 2 )
	=	-0.324	/	6.476
	=	-5.00 %

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

Metals Creek Resources (OTCPK:MCREF) 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.

Metals Creek Resources ROCE % Related Terms

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Metals Creek Resources (Metals Creek Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Creek Resources Corp (OTCPK:MCREF) » Definitions » ROCE %

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MEK:Canada

Address

No.329-1100 Memorial Ave, Thunder Bay, ON, CAN, P7B 4A3

Website

https://www.metalscreek.com

Metals Creek Resources Corp is an exploration stage company engaged in the exploration of mineral resource properties. Its activities include prospecting, sampling, geological mapping and geophysical surveying, trenching, and diamond drilling. The company's project portfolio includes Ogden, Dona Lake and others.

Metals Creek Resources (Metals Creek Resources) Headlines

From GuruFocus

Metals Creek Initiates Deep Section IP Program on the Ogden Gold Project

By ACCESSWIRE ACCESSWIRE • 11-12-2021