Madeira Minerals (TSXV:MDE.H) ROCE % : 0.00% (As of Mar. 2024)

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What is Madeira 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. Madeira Minerals's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Madeira Minerals ROCE % Historical Data

The historical data trend for Madeira 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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Madeira Minerals ROCE % Chart

Madeira Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-86.45

-406.90

Madeira Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Madeira Minerals ROCE % Calculation

Madeira Minerals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.046	/	( ( (0.079 - 0.153)	+	(0.019 - 0.14) )	/ 2 )
	=	-0.046	/	( (-0.074	+	-0.121)	/ 2 )
	=	-0.046	/	-0.0975
	=	47.18 %

Madeira Minerals'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 )
	=	-0.052	/	( ( (0.022 - 0.17)	+	(0.007 - 0.169) )	/ 2 )
	=	-0.052	/	( ( -0.148	+	-0.162 )	/ 2 )
	=	-0.052	/	-0.155
	=	0 %

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

Madeira Minerals (TSXV:MDE.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.

Madeira Minerals ROCE % Related Terms

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Madeira Minerals (TSXV:MDE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Madeira Minerals Ltd (TSXV:MDE.H) » Definitions » ROCE %

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Address

1111 Melville Street, Suite 1100, Corporate Department, Vancouver, BC, CAN, V6E 3V6

Website

Madeira Minerals Ltd is a capital pool company. The company is engaged in the identification and evaluation of a qualifying transaction to negotiate an acquisition or participation in a business.

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