Mandalay Resources (STU:R7X2) ROCE % : 40.78% (As of Dec. 2024)

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What is Mandalay Resources 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. Mandalay Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was 40.78%.

Mandalay Resources ROCE % Historical Data

The historical data trend for Mandalay Resources'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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Mandalay Resources ROCE % Chart

Mandalay Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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13.04

35.83

18.41

6.46

27.08

Mandalay Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															11.27	15.84	35.78	16.64	40.78

Mandalay Resources ROCE % Calculation

Mandalay Resources's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	68.51	/	( ( (270.742 - 29.257)	+	(314.745 - 50.26) )	/ 2 )
	=	68.51	/	( (241.485	+	264.485)	/ 2 )
	=	68.51	/	252.985
	=	27.08 %

Mandalay Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	103.56	/	( ( (291.679 - 48.311)	+	(314.745 - 50.26) )	/ 2 )
	=	103.56	/	( ( 243.368	+	264.485 )	/ 2 )
	=	103.56	/	253.9265
	=	40.78 %

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

Mandalay Resources (STU:R7X2) 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.

Mandalay Resources ROCE % Related Terms

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Mandalay Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (STU:R7X2) » Definitions » ROCE %

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Traded in Other Exchanges

MNDJF:USA R7X2:Germany MND:Canada

Address

University Avenue, Suite 720-155, Toronto, ON, CAN, M5H 3B7

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a is a gold and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. Its assets consist of the Costerfield gold and antimony mine in Australia, the Bjorkdal gold mine in Sweden, as well as other exploration and care and maintenance projects in Chile and Canada.

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