MGXMF (MGX Minerals) ROCE %: 0.00% (As of Apr. 2021)


What is MGX Minerals ROCE %?

MGX Minerals MGXMF -95.00% ROCE % is 0.00% as of Apr. 2021.

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. MGX Minerals's annualized ROCE % for the quarter that ended in Apr. 2021 was 0.00%.

MGX Minerals  (OTCPK:MGXMF) 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.

MGX Minerals ROCE % Related Terms

MGX Minerals ROCE % Historical Data

* Premium members only.

The historical data trend for MGX Minerals'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.

MGX Minerals ROCE % Chart

MGX Minerals Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
ROCE %
Get a 7-Day Free Trial Premium Member Only -281.04 -247.29 -107.09 -100.11 -266.52

MGX Minerals Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -104.27 -1,413.34 0.00 0.00 0.00

MGX Minerals ROCE % Calculation

MGX Minerals's annualized ROCE % for the fiscal year that ended in Jul. 2020 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2020 )  (A: Jul. 2019 )(A: Jul. 2020 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2020 )  (A: Jul. 2019 )(A: Jul. 2020 )
=-18.363/( ( (20.4 - 5.451) + (8.969 - 10.138) )/ 2 )
=-18.363/( (14.949+-1.169)/ 2 )
=-18.363/6.89
=-266.52 %

MGX Minerals's ROCE % of for the quarter that ended in Apr. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2021 )  (Q: Jan. 2021 )(Q: Apr. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2021 )  (Q: Jan. 2021 )(Q: Apr. 2021 )
=-2.88/( ( (9.782 - 10.104) + (9.218 - 10.27) )/ 2 )
=-2.88/( ( -0.322 + -1.052 )/ 2 )
=-2.88/-0.687
=0 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2021) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
MGX Minerals (MGXMF) has a ROCE % of 0.00% as of Apr. 2021.
Is MGX Minerals' ROCE % too high?
MGX Minerals' current ROCE % is 0.00%.
How does MGX Minerals' ROCE % compare to competitors?
MGX Minerals' ROCE % of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. MGX Minerals's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Minerals stock overvalued right now?
MGX Minerals (MGXMF) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For MGX Minerals (MGXMF), the current ROCE % is 0.00% as of Apr. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MGX Minerals Business Description

Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.