MLMLF (McFarlane Lake Mining) ROCE % : 0.00% (As of Aug. 2024)

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What is McFarlane Lake Mining 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. McFarlane Lake Mining's annualized ROCE % for the quarter that ended in Aug. 2024 was 0.00%.

McFarlane Lake Mining ROCE % Historical Data

The historical data trend for McFarlane Lake Mining'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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McFarlane Lake Mining ROCE % Chart

McFarlane Lake Mining Annual Data

Trend

Aug22

Aug23

Aug24

ROCE %

-4,170.79

McFarlane Lake Mining Quarterly Data
	Jun21	Sep21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial								-	-920.29	-604.71	-	-

McFarlane Lake Mining ROCE % Calculation

McFarlane Lake Mining's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-3.17	/	( ( (0.293 - 0.976)	+	(0.923 - 0.622) )	/ 2 )
	=	-3.17	/	( (-0.683	+	0.301)	/ 2 )
	=	-3.17	/	-0.191
	=	1,659.69 %

McFarlane Lake Mining's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-2.212	/	( ( (0.303 - 0.686)	+	(0.923 - 0.622) )	/ 2 )
	=	-2.212	/	( ( -0.383	+	0.301 )	/ 2 )
	=	-2.212	/	-0.041
	=	0 %

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

McFarlane Lake Mining (OTCPK:MLMLF) 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.

McFarlane Lake Mining ROCE % Related Terms

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McFarlane Lake Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McFarlane Lake Mining Ltd (OTCPK:MLMLF) » Definitions » ROCE %

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Traded in Other Exchanges

MLM:Canada

Address

15 Kincora Court, Sudbury, ON, CAN, P3E 2B9

Website

https://www.mcfarlanelakemining.com

McFarlane Lake Mining Ltd is a gold exploration and development company currently engaged in the acquisition & assessment of gold properties. Its properties include High Lake, West Hawk Lake, Munro and McMillan. The company has acquired six gold properties. It is a Canadian gold exploration and development company.