Mercado Minerals (XCNQ:MERC) ROCE % : -56.00% (As of Aug. 2024)

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What is Mercado 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. Mercado Minerals's annualized ROCE % for the quarter that ended in Aug. 2024 was -56.00%.

Mercado Minerals ROCE % Historical Data

The historical data trend for Mercado 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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Mercado Minerals ROCE % Chart

Mercado Minerals Annual Data

Trend

Feb22

Feb23

Feb24

ROCE %

-170.83

-117.58

-78.76

Mercado Minerals Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial								-56.37	-90.48	-63.64	-73.15	-56.00

Mercado Minerals ROCE % Calculation

Mercado Minerals's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.191	/	( ( (0.326 - 0.034)	+	(0.321 - 0.128) )	/ 2 )
	=	-0.191	/	( (0.292	+	0.193)	/ 2 )
	=	-0.191	/	0.2425
	=	-78.76 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2024 )		(Q: May. 2024 )		(Q: Aug. 2024 )
	=	-0.168	/	( ( (0.374 - 0.053)	+	(0.328 - 0.049) )	/ 2 )
	=	-0.168	/	( ( 0.321	+	0.279 )	/ 2 )
	=	-0.168	/	0.3
	=	-56.00 %

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

Mercado Minerals (XCNQ:MERC) 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.

Mercado Minerals ROCE % Related Terms

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Mercado Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mercado Minerals Ltd (XCNQ:MERC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

551 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2C2

Website

Mercado Minerals Ltd formerly Heartfield Mining Corp is engaged in the acquisition and exploration of mineral property assets. It operates in one geographic location, Canada, and has one reportable segment, the exploration and evaluation of mineral resource properties.

Executives