Monumental Energy (TSXV:MNRG) ROCE % : -12.63% (As of Mar. 2024)

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What is Monumental Energy 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. Monumental Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.63%.

Monumental Energy ROCE % Historical Data

The historical data trend for Monumental Energy'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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Monumental Energy ROCE % Chart

Monumental Energy Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-165.39

-56.50

-15.42

Monumental Energy Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-21.77	-17.67	-	-20.33	-12.63

Monumental Energy ROCE % Calculation

Monumental Energy'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 )
	=	-1.133	/	( ( (6.357 - 0.123)	+	(8.61 - 0.147) )	/ 2 )
	=	-1.133	/	( (6.234	+	8.463)	/ 2 )
	=	-1.133	/	7.3485
	=	-15.42 %

Monumental Energy'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 )
	=	-1.076	/	( ( (8.721 - 0.106)	+	(8.496 - 0.069) )	/ 2 )
	=	-1.076	/	( ( 8.615	+	8.427 )	/ 2 )
	=	-1.076	/	8.521
	=	-12.63 %

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

Monumental Energy (TSXV:MNRG) 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.

Monumental Energy ROCE % Related Terms

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Monumental Energy (TSXV:MNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monumental Energy Corp (TSXV:MNRG) » Definitions » ROCE %

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Traded in Other Exchanges

MNMRF:USA

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.

Executives

Maximilian Sali

Director

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