Minerva Gold (Minerva Gold) ROCE % : 0.00% (As of Feb. 2024)

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What is Minerva Gold 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. Minerva Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

Minerva Gold ROCE % Historical Data

The historical data trend for Minerva Gold'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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Minerva Gold ROCE % Chart

Minerva Gold Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

ROCE %

-25.00

-133.33

-163.64

Minerva Gold Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								-457.14	-	-	-	-

Minerva Gold ROCE % Calculation

Minerva Gold's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.036	/	( ( (0.015 - 0.013)	+	(0 - 0.034) )	/ 2 )
	=	-0.036	/	( (0.002	+	-0.034)	/ 2 )
	=	-0.036	/	-0.016
	=	225.00 %

Minerva Gold's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.08	/	( ( (0 - 0.014)	+	(0 - 0.034) )	/ 2 )
	=	-0.08	/	( ( -0.014	+	-0.034 )	/ 2 )
	=	-0.08	/	-0.024
	=	0 %

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

Minerva Gold (OTCPK:MINR) 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.

Minerva Gold ROCE % Related Terms

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Minerva Gold (Minerva Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minerva Gold Inc (OTCPK:MINR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12/1 Kunayev str, IA 17, Nur-Sultan, KAZ, 010000

Website

Minerva Gold Inc is a junior mineral exploration company engaged in the identification, acquisition and exploration of precious metals in Kazakhstan.

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