GMV Minerals (TSXV:GMV) ROCE % : -5.82% (As of Sep. 2024)

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What is GMV Minerals 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. GMV Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.82%.

GMV Minerals ROCE % Historical Data

The historical data trend for GMV Minerals'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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GMV Minerals ROCE % Chart

GMV Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-15.00

-21.02

-7.02

-10.41

-10.89

GMV Minerals 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															-6.81	-8.24	-20.52	-10.20	-5.82

GMV Minerals ROCE % Calculation

GMV Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.909	/	( ( (8.366 - 0.194)	+	(8.661 - 0.142) )	/ 2 )
	=	-0.909	/	( (8.172	+	8.519)	/ 2 )
	=	-0.909	/	8.3455
	=	-10.89 %

GMV Minerals'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 )
	=	-0.492	/	( ( (8.661 - 0.142)	+	(8.685 - 0.287) )	/ 2 )
	=	-0.492	/	( ( 8.519	+	8.398 )	/ 2 )
	=	-0.492	/	8.4585
	=	-5.82 %

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

GMV Minerals (TSXV:GMV) 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.

GMV Minerals ROCE % Related Terms

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GMV Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GMV Minerals Inc (TSXV:GMV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMVMF:USA G3MN:Germany

Address

1090 West Georgia Street, Suite 1050, Vancouver, BC, CAN, V6E 3V7

Website

https://www.gmvminerals.com

GMV Minerals Inc is an exploration stage and its principal business activity is the sourcing and exploration of mineral properties. The company is in the process of exploring its principal mineral properties in southeast Arizona and north central Nevada. It holds an interest in the Mexican Hat project, in Arizona, and the Daisy Creek Lithium project in Nevada. The company has one operating segment: mineral exploration. GMV Minerals operates in one geographical segment, the United States of America.

Executives

Alistair Maclennan	Director, Senior Officer
Ian Mcculloch Klassen	Director
Robert Coltura	Director

GMV Minerals Headlines

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