Milner Consolidated Silver Mines (TSXV:MCA.H) ROCE % : 0.00% (As of Sep. 2024)

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What is Milner Consolidated Silver Mines 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. Milner Consolidated Silver Mines's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Milner Consolidated Silver Mines ROCE % Historical Data

The historical data trend for Milner Consolidated Silver Mines'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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Milner Consolidated Silver Mines ROCE % Chart

Milner Consolidated Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-272.34

Milner Consolidated Silver Mines Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Milner Consolidated Silver Mines ROCE % Calculation

Milner Consolidated Silver Mines'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 )
	=	-0.084	/	( ( (0.003 - 0.375)	+	(0.003 - 0.458) )	/ 2 )
	=	-0.084	/	( (-0.372	+	-0.455)	/ 2 )
	=	-0.084	/	-0.4135
	=	20.31 %

Milner Consolidated Silver Mines'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 )
	=	-0.176	/	( ( (0.009 - 0.541)	+	(0.004 - 0.579) )	/ 2 )
	=	-0.176	/	( ( -0.532	+	-0.575 )	/ 2 )
	=	-0.176	/	-0.5535
	=	0 %

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

Milner Consolidated Silver Mines (TSXV:MCA.H) 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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Milner Consolidated Silver Mines Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Milner Consolidated Silver Mines Ltd (TSXV:MCA.H) » Definitions » ROCE %

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Address

1172 Davis Drive, Suite 109, Newmarket, ON, CAN, L3Y 8X4

Website

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Milner Consolidated Silver Mines Ltd is a Canada-based exploration company. It is in the business of the acquisition, exploration, and development of mineral properties that it believes may contain mineralization that will be economically recoverable in the future.

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