Generation Mining (TSX:GENM) ROCE % : -93.09% (As of Mar. 2024)

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What is Generation 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. Generation Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was -93.09%.

Generation Mining ROCE % Historical Data

The historical data trend for Generation 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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Generation Mining ROCE % Chart

Generation Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-523.15

-102.37

-172.96

-493.09

-107.57

Generation Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-180.53	-273.35	-150.42	-185.44	-93.09

Generation Mining ROCE % Calculation

Generation 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 )
	=	-17.382	/	( ( (25.017 - 8.129)	+	(20.223 - 4.793) )	/ 2 )
	=	-17.382	/	( (16.888	+	15.43)	/ 2 )
	=	-17.382	/	16.159
	=	-107.57 %

Generation Mining'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 )
	=	-12.856	/	( ( (20.223 - 4.793)	+	(16.27 - 4.08) )	/ 2 )
	=	-12.856	/	( ( 15.43	+	12.19 )	/ 2 )
	=	-12.856	/	13.81
	=	-93.09 %

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

Generation Mining (TSX:GENM) 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.

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Generation Mining (TSX:GENM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Generation Mining Ltd (TSX:GENM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GENMF:USA 9GN:Germany

Address

100 King Street West, Suite 7010, Toronto, ON, CAN, M5X 1B1

Website

https://www.genmining.com

Gen Mining's focus is the development of its 100%-owned Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. The mine would produce an estimated 245,000 palladium equivalent ounces per year over 13-year mine life.

Executives

Jamie Levy

Director