MLPNF (Millennial Potash) ROCE % : -29.18% (As of Nov. 2024)

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What is Millennial Potash 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. Millennial Potash's annualized ROCE % for the quarter that ended in Nov. 2024 was -29.18%.

Millennial Potash ROCE % Historical Data

The historical data trend for Millennial Potash'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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Millennial Potash ROCE % Chart

Millennial Potash Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-121.48

-87.64

-28.90

-81.96

-35.01

Millennial Potash Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-37.88	-61.63	-26.37	-40.07	-29.18

Millennial Potash ROCE % Calculation

Millennial Potash'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 )
	=	-2.331	/	( ( (5.138 - 0.369)	+	(8.983 - 0.436) )	/ 2 )
	=	-2.331	/	( (4.769	+	8.547)	/ 2 )
	=	-2.331	/	6.658
	=	-35.01 %

Millennial Potash's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-2.74	/	( ( (8.983 - 0.436)	+	(10.628 - 0.398) )	/ 2 )
	=	-2.74	/	( ( 8.547	+	10.23 )	/ 2 )
	=	-2.74	/	9.3885
	=	-29.18 %

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

Millennial Potash (OTCPK:MLPNF) 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.

Millennial Potash ROCE % Related Terms

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Millennial Potash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Potash Corp (OTCPK:MLPNF) » Definitions » ROCE %

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Traded in Other Exchanges

X0D:Germany MLP:Canada

Address

300-1455 Bellevue Avenue, West Vancouver, Vancouver, BC, CAN, V7T 1C3

Website

https://www.millennialpotash.com

Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.