MRGE (Mirage Energy) ROCE %: 0.00% (As of Jul. 2021)

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What is Mirage Energy ROCE %?

Mirage Energy MRGE ROCE % is 0.00% as of Jul. 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. Mirage Energy's annualized ROCE % for the quarter that ended in Jul. 2021 was 0.00%.

Mirage Energy  (OTCPK:MRGE) 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.

Mirage Energy ROCE % Related Terms

Mirage Energy ROCE % Historical Data

* Premium members only.

The historical data trend for Mirage Energy'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.

Mirage Energy ROCE % Chart

Mirage Energy Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
ROCE %
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Mirage Energy Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
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 0.00 0.00 0.00 0.00 0.00

Mirage Energy ROCE % Calculation

Mirage Energy's annualized ROCE % for the fiscal year that ended in Jul. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jul. 2021 )  (A: Jul. 2020 )(A: Jul. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jul. 2021 )  (A: Jul. 2020 )(A: Jul. 2021 )
=-4.162/( ( (0.185 - 3.041) + (0.156 - 3.225) )/ 2 )
=-4.162/( (-2.856+-3.069)/ 2 )
=-4.162/-2.9625
=140.49 %

Mirage Energy's ROCE % of for the quarter that ended in Jul. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jul. 2021 )  (Q: Apr. 2021 )(Q: Jul. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jul. 2021 )  (Q: Apr. 2021 )(Q: Jul. 2021 )
=-2.776/( ( (0.024 - 3.785) + (0.156 - 3.225) )/ 2 )
=-2.776/( ( -3.761 + -3.069 )/ 2 )
=-2.776/-3.415
=0 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 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?
Mirage Energy (MRGE) has a ROCE % of 0.00% as of Jul. 2021.
Is Mirage Energy's ROCE % too high?
Mirage Energy's current ROCE % is 0.00%.
How does Mirage Energy's ROCE % compare to EPD and WMB?
Mirage Energy's ROCE % of 0.00% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 7.26. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 7.26, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. 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. For the Oil & Gas industry, the median ROCE % is 7.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirage Energy'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 Mirage Energy stock overvalued right now?
Mirage Energy (MRGE) 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 Mirage Energy (MRGE), the current ROCE % is 0.00% as of Jul. 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.

Mirage Energy Business Description

Industry EnergyOil & Gas
Address 900 Isom Road, Suite 306, San Antonio, TX, USA, 78216
Mirage Energy Corp develops an integrated natural gas transportation and storage facility in Mexico and the United States. The natural gas will be exported from the United States by pipeline to the Mexican storage unit for later distribution throughout Mexico.