Minera IRL (Minera IRL) ROCE % : -6.40% (As of Sep. 2023)

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What is Minera IRL 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. Minera IRL's annualized ROCE % for the quarter that ended in Sep. 2023 was -6.40%.

Minera IRL ROCE % Historical Data

The historical data trend for Minera IRL'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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Minera IRL ROCE % Chart

Minera IRL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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3.55

1.06

36.48

4.69

-5.69

Minera IRL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-13.04	0.79	-8.86	-17.53	-6.40

Minera IRL ROCE % Calculation

Minera IRL's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-6.546	/	( ( (178.635 - 19.048)	+	(183.972 - 113.569) )	/ 2 )
	=	-6.546	/	( (159.587	+	70.403)	/ 2 )
	=	-6.546	/	114.995
	=	-5.69 %

Minera IRL's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-3.7	/	( ( (180.039 - 121.062)	+	(185.082 - 128.349) )	/ 2 )
	=	-3.7	/	( ( 58.977	+	56.733 )	/ 2 )
	=	-3.7	/	57.855
	=	-6.40 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Minera IRL (OTCPK:MRLLY) 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.

Minera IRL ROCE % Related Terms

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Minera IRL (Minera IRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (OTCPK:MRLLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany MIRL:Canada

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

Minera IRL (Minera IRL) Headlines

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