MUX (McEwen Mining) ROCE % : 1.96% (As of Sep. 2024)

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What is McEwen 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. McEwen Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.96%.

McEwen Mining ROCE % Historical Data

The historical data trend for McEwen 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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McEwen Mining ROCE % Chart

McEwen Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.76

-28.22

-12.51

-15.80

-19.46

McEwen Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-19.76	2.33	-3.42	-1.22	1.96

McEwen Mining ROCE % Calculation

McEwen Mining'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 )
	=	-104.304	/	( ( (528.719 - 84.186)	+	(657.239 - 30.003) )	/ 2 )
	=	-104.304	/	( (444.533	+	627.236)	/ 2 )
	=	-104.304	/	535.8845
	=	-19.46 %

McEwen Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	11.932	/	( ( (645.143 - 43.017)	+	(667.792 - 50.936) )	/ 2 )
	=	11.932	/	( ( 602.126	+	616.856 )	/ 2 )
	=	11.932	/	609.491
	=	1.96 %

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

McEwen Mining (NYSE:MUX) 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.

McEwen Mining ROCE % Related Terms

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McEwen Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McEwen Mining Inc (NYSE:MUX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1MUX:Italy 0JZT:UK US8:Germany US8:Germany MUX:Canada MUX:Austria

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.

Executives

Carmen L Diges	officer: General Counsel/Corp Secretary	150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Perry Ing	officer: Vice President, Finance	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Stefan Spears	officer: Vice President, Projects	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Michelle Makori	director	C/O MCEWEN MINING INC., 150 KING STREET WEST, SUITE 2800, TORONTO A6 A6 M5H 1J9
Ian J Ball	officer: Vice President, Mexico	99 GEORGE STREET, THIRD FLOOR, TORONTO A6 M5A 2N4
G. Peter Mah	officer: Chief Operating Officer	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Merri Sanchez	director	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
William M Shaver	director	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Anna Man-yue Ladd-kruger	officer: Chief Financial Officer	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Stephen Mcgibbon	officer: EVP of Exploration	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Richard W. Brissenden	director	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Merushe Verli	officer: Chief Financial Officer	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Michele L Ashby	director	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Chris Stewart	officer: President and COO	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Allen V Ambrose	director	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9