Grid Metals (Grid Metals) ROCE % : -177.72% (As of Mar. 2024)

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What is Grid Metals 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. Grid Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -177.72%.

Grid Metals ROCE % Historical Data

The historical data trend for Grid Metals'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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Grid Metals ROCE % Chart

Grid Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.25

-191.12

-170.56

3.86

-102.48

Grid Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															246.21	-160.75	-135.83	-26.64	-177.72

Grid Metals ROCE % Calculation

Grid Metals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-7.63	/	( ( (9.497 - 0.98)	+	(9.533 - 3.16) )	/ 2 )
	=	-7.63	/	( (8.517	+	6.373)	/ 2 )
	=	-7.63	/	7.445
	=	-102.48 %

Grid Metals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-9.204	/	( ( (9.533 - 3.16)	+	(7.155 - 3.17) )	/ 2 )
	=	-9.204	/	( ( 6.373	+	3.985 )	/ 2 )
	=	-9.204	/	5.179
	=	-177.72 %

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

Grid Metals (OTCPK:MSMGF) 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.

Grid Metals ROCE % Related Terms

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Grid Metals (Grid Metals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Metals Corp (OTCPK:MSMGF) » Definitions » ROCE %

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GRDM:Canada

Address

3335 Yonge Street, Suite 304, Toronto, ON, CAN, M5N 2M1

Website

https://www.gridmetalscorp.com

Grid Metals Corp is an exploration and development company currently focused on exploration and resource growth at its properties in Manitoba and Ontario. The company has a diversified portfolio of properties where it is actively exploring for Nickel-Copper-PGM-Cobalt, palladium, and lithium. The Makwa Mayville Project 145 km from Winnipeg MB has a significant NI 43-101 compliant resource of nickel-copper and platinum group metals and a highly prospective lithium property.