Generation Mining (TSX:GENM) ROCE % : -324.53% (As of Sep. 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 Sep. 2024 was -324.53%.

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
	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															-150.42	-185.44	-93.09	-270.64	-324.53

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 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 )
	=	-27.58	/	( ( (12.998 - 3.015)	+	(9.386 - 2.372) )	/ 2 )
	=	-27.58	/	( ( 9.983	+	7.014 )	/ 2 )
	=	-27.58	/	8.4985
	=	-324.53 %

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

Generation Mining ROCE % Related Terms

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Generation Mining 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

Generation Mining Ltd is an exploration and development company with various property interests throughout Canada. It is focused on bringing the Marathon Palladium-Copper Project in Northernwestern Ontario into production. Marathon is the undeveloped Palladium deposit in Canada.

Executives

Jamie Levy	Director
Stephen William Reford	Director
Elizabeth Ann Wilkinson	Senior Officer
Edward William Drew Anwyll	Senior Officer
Kerry Knoll	Director
Rodney Nelson Thomas	Director
Zebra Holdings And Investments S.à.r.l.	10% Security Holder
Brian Earl Jennings	Senior Officer
Osisko Mining Inc.	10% Security Holder
Robert Wares	Director or Senior Officer of 10% Security Holder
Phillip Charles Walford	Director