Mkango Resources (TSXV:MKA) ROCE % : -61.00% (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Mkango Resources 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. Mkango Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -61.00%.

Mkango Resources ROCE % Historical Data

The historical data trend for Mkango Resources'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.

* Premium members only.

Mkango Resources ROCE % Chart

Mkango Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-69.71

-54.69

-192.66

-275.89

-106.77

Mkango Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-67.56	-78.66	-91.46	-39.96	-61.00

Mkango Resources ROCE % Calculation

Mkango Resources'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 )
	=	-5.609	/	( ( (2.074 - 1.304)	+	(12.467 - 2.73) )	/ 2 )
	=	-5.609	/	( (0.77	+	9.737)	/ 2 )
	=	-5.609	/	5.2535
	=	-106.77 %

Mkango Resources'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 )
	=	-5.548	/	( ( (12.467 - 2.73)	+	(12.038 - 3.584) )	/ 2 )
	=	-5.548	/	( ( 9.737	+	8.454 )	/ 2 )
	=	-5.548	/	9.0955
	=	-61.00 %

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

Mkango Resources (TSXV:MKA) 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.

Mkango Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Mkango Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mkango Resources (TSXV:MKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mkango Resources Ltd (TSXV:MKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MKNGF:USA MKA:UK ZMK:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.mkango.ca

Mkango Resources Ltd is engaged in the exploration and development of rare earth elements and associated minerals in the Republic of Malawi. The Company holds interests in exclusive prospecting licenses in Malawi namely the Phalombe license, the Thambani license, the Chimimbe license, and the Mchinji license. Mkango also has an exploration portfolio in Malawi, including the Mchinji rutile discovery, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

Executives

Resource Early Stage Opportunity Company

10% Security Holder

Mkango Resources (TSXV:MKA) Headlines

No Headlines