Monarca Minerals (TSXV:MMN) ROCE % : 0.00% (As of May. 2024)

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

Monarca Minerals ROCE % Historical Data

The historical data trend for Monarca 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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Monarca Minerals ROCE % Chart

Monarca Minerals Annual Data

Trend

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Nov23

ROCE %

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Monarca Minerals Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Monarca Minerals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.601	/	( ( (0.099 - 3.423)	+	(0.032 - 4.277) )	/ 2 )
	=	-0.601	/	( (-3.324	+	-4.245)	/ 2 )
	=	-0.601	/	-3.7845
	=	15.88 %

Monarca Minerals's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-0.312	/	( ( (0.037 - 4.497)	+	(0.042 - 4.675) )	/ 2 )
	=	-0.312	/	( ( -4.46	+	-4.633 )	/ 2 )
	=	-0.312	/	-4.5465
	=	0 %

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

Monarca Minerals (TSXV:MMN) 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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Monarca Minerals Business Description

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ORAGF:USA OSI2:Germany OSI2:Germany

Address

18 King Street East Street, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.monarcaminerals.com

Monarca Minerals Inc is in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. Its project portfolio includes Tejamen, San Lucas, San Jose, and El Sol. The primary focus of new work at Tejamen consists of follow-up core drilling. Outcrop sampling identified two parallel gold-silver zones, known as the El Doctor zone (Noche Buena). Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District.

Executives

Carlos Enrique Espinosa Jove

Director

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