MKNGF (Mkango Resources) ROCE %: 60.71% (As of Mar. 2026)


MKNGF Mkango Resources Ltd MKNGF
29 GF Score
Price $0.41
! 4 Warning Signs
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What is Mkango Resources ROCE %?

Mkango Resources MKNGF -26.58% 29 ROCE % is 60.71% as of Mar. 2026. GuruFocus rates MKNGF with a GF Score™ of 29/100. The stock has 4 warning signs investors should review.

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. Mkango Resources's annualized ROCE % for the quarter that ended in Mar. 2026 was 60.71%.

Mkango Resources  (OTCPK:MKNGF) 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.

Mkango Resources ROCE % Related Terms

Mkango Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Mkango 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.

Mkango Resources ROCE % Chart

Mkango Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -192.73 -261.91 -106.86 -5.25 -373.24

Mkango Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -114.94 -59.00 -1,269.42 -880.67 60.71
MKNGF
29GF Score
Mkango Resources Ltd MKNGF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mkango Resources ROCE % Calculation

Mkango Resources's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-17.6/( ( (10.712 - 2.395) + (14.986 - 13.872) )/ 2 )
=-17.6/( (8.317+1.114)/ 2 )
=-17.6/4.7155
=-373.24 %

Mkango Resources's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=0.7/( ( (14.986 - 13.872) + (12.894 - 11.702) )/ 2 )
=0.7/( ( 1.114 + 1.192 )/ 2 )
=0.7/1.153
=60.71 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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 60.71% mean?
Mkango Resources (MKNGF) has a ROCE % of 60.71% as of Mar. 2026.
Is Mkango Resources' ROCE % too high?
Mkango Resources' current ROCE % is 60.71%. Overall, Mkango Resources has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Mkango Resources' ROCE % compare to competitors?
Mkango Resources' ROCE % of 60.71% 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. Mkango Resources's current ROCE % is 60.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mkango Resources stock overvalued right now?
Mkango Resources (MKNGF) has a current ROCE % of 60.71%. The current ROCE % is 60.71%. Mkango Resources' overall GF Score™ is 29/100 with 4 warning signs to review. 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 Mkango Resources (MKNGF), the current ROCE % is 60.71% as of Mar. 2026. 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.

Mkango Resources Business Description

Other Exchanges MKA:UKZMK:GermanyMKA:Canada
Address 550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3
Mkango Resources Ltd is engaged in the exploration and development of rare earth elements and associated minerals in the Republic of Malawi. The company holds interests in exclusive prospecting licenses in Malawi namely the Phalombe license, the Thambani license, the Chimimbe license, and the Mchinji license. Mkango also has an exploration portfolio in Malawi, including the Mchinji rutile discovery, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project. The company operates in three reportable segments: Rare earths recycling projects; Rare earths mining and refining projects; and Corporate. Geographically, it operates in United Kingdom; Malawi; Germany; and Poland. It derives maximum revenue from Germany.
29GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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