Mogotes metals (TSXV:MOG) ROCE % : -61.07% (As of Nov. 2024)

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What is Mogotes metals 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. Mogotes metals's annualized ROCE % for the quarter that ended in Nov. 2024 was -61.07%.

Mogotes metals ROCE % Historical Data

The historical data trend for Mogotes metals'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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Mogotes metals ROCE % Chart

Mogotes metals Annual Data

Trend

Nov22

Nov23

Nov24

ROCE %

-501.25

-128.57

Mogotes metals Quarterly Data
	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial				-381.83	-76.58	-177.94	-70.38	-61.07

Mogotes metals ROCE % Calculation

Mogotes metals's annualized ROCE % for the fiscal year that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2024 )		(A: Nov. 2023 )		(A: Nov. 2024 )
	=	-7.7	/	( ( (1.894 - 0.783)	+	(11.326 - 0.459) )	/ 2 )
	=	-7.7	/	( (1.111	+	10.867)	/ 2 )
	=	-7.7	/	5.989
	=	-128.57 %

Mogotes metals's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-5.612	/	( ( (7.668 - 0.155)	+	(11.326 - 0.459) )	/ 2 )
	=	-5.612	/	( ( 7.513	+	10.867 )	/ 2 )
	=	-5.612	/	9.19
	=	-61.07 %

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

Mogotes metals (TSXV:MOG) 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.

Mogotes metals ROCE % Related Terms

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Mogotes metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mogotes metals Inc (TSXV:MOG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OY4:Germany

Address

217 Quen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.mogotesmetals.com

Mogotes metals Inc is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties in Argentina and Chile. Currently, the business objective of the Company is to identify a mineral resource deposit at the Filo Sur Project. The Company's principal property is the Filo Sur Project. The Filo Sur Project consists of 14 claims totaling 8,118 hectares located on the eastern flank of the Andes Cordillera, 350 kilometers northwest of the city of San Juan, San Juan Province and seven licenses totaling approximately 130 hectares located in Chile. The Filo Sur Project is adjacent to the international border between Chile and Argentina and the Atacama region in Northern Chile.

Executives

Peter James Mullens

Director

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