Mexican Gold Mining (TSXV:MEX) ROCE % : -346.31% (As of Sep. 2024)

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What is Mexican Gold 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. Mexican Gold Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -346.31%.

Mexican Gold Mining ROCE % Historical Data

The historical data trend for Mexican Gold 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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Mexican Gold Mining ROCE % Chart

Mexican Gold Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-263.16

-301.28

-535.51

-147.93

-111.33

Mexican Gold 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															-102.66	-143.00	-110.94	-119.35	-346.31

Mexican Gold Mining ROCE % Calculation

Mexican Gold Mining'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 )
	=	-0.447	/	( ( (0.687 - 0.097)	+	(0.232 - 0.019) )	/ 2 )
	=	-0.447	/	( (0.59	+	0.213)	/ 2 )
	=	-0.447	/	0.4015
	=	-111.33 %

Mexican Gold 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 )
	=	-0.516	/	( ( (0.232 - 0.019)	+	(0.14 - 0.055) )	/ 2 )
	=	-0.516	/	( ( 0.213	+	0.085 )	/ 2 )
	=	-0.516	/	0.149
	=	-346.31 %

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

Mexican Gold Mining (TSXV:MEX) 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.

Mexican Gold Mining ROCE % Related Terms

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Mexican Gold Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mexican Gold Mining Corp (TSXV:MEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MEXGF:USA 4QW:Germany

Address

555 Burrard Street, P.O. Box 272, Vancouver, BC, CAN, V7X 1M8

Website

https://www.mexicangold.ca

Mexican Gold Mining Corp is a Canada-based mineral exploration company. Principally, it is engaged in the business of exploration of mineral properties in Canada and Mexico. The company holds an interest in Las Minas project. It earns majority of its profit from Canada.

Executives

Palisades Goldcorp Ltd.

10% Security Holder

Mexican Gold Mining Headlines

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