Mincor Resources NL (Mincor Resources NL) ROCE % : -73.29% (As of Dec. 2022)

View and export this data going back to . Start your Free Trial

What is Mincor Resources NL 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. Mincor Resources NL's annualized ROCE % for the quarter that ended in Dec. 2022 was -73.29%.

Mincor Resources NL ROCE % Historical Data

The historical data trend for Mincor Resources NL'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.

* Premium members only.

Mincor Resources NL ROCE % Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

Get a 7-Day Free Trial

-15.87

-28.25

-23.25

-14.74

-9.04

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
ROCE %	Get a 7-Day Free Trial															-12.20	-12.76	-15.39	-0.49	-73.29

Mincor Resources NL ROCE % Calculation

Mincor Resources NL's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-8.725	/	( ( (96.668 - 6.859)	+	(157.79 - 54.625) )	/ 2 )
	=	-8.725	/	( (89.809	+	103.165)	/ 2 )
	=	-8.725	/	96.487
	=	-9.04 %

Mincor Resources NL's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	-72.474	/	( ( (157.79 - 54.625)	+	(187.305 - 92.69) )	/ 2 )
	=	-72.474	/	( ( 103.165	+	94.615 )	/ 2 )
	=	-72.474	/	98.89
	=	-73.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Mincor Resources NL (OTCPK:MCRZY) 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.

Mincor Resources NL ROCE % Related Terms

Thank you for viewing the detailed overview of Mincor Resources NL's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mincor Resources NL (Mincor Resources NL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (OTCPK:MCRZY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.

Mincor Resources NL (Mincor Resources NL) Headlines

No Headlines