Minas Metals (XCNQ:MINA) ROCE % : -59.18% (As of Oct. 2023)

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What is Minas 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. Minas Metals's annualized ROCE % for the quarter that ended in Oct. 2023 was -59.18%.

Minas Metals ROCE % Historical Data

The historical data trend for Minas 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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Minas Metals ROCE % Chart

Minas Metals Annual Data

Trend

Jan22

Jan23

ROCE %

-51.13

-17.65

Minas Metals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial						-18.54	-8.23	-15.91	-42.02	-59.18

Minas Metals ROCE % Calculation

Minas Metals's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.552	/	( ( (3.678 - 0.314)	+	(2.976 - 0.085) )	/ 2 )
	=	-0.552	/	( (3.364	+	2.891)	/ 2 )
	=	-0.552	/	3.1275
	=	-17.65 %

Minas Metals's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-1.74	/	( ( (3.263 - 0.477)	+	(3.481 - 0.387) )	/ 2 )
	=	-1.74	/	( ( 2.786	+	3.094 )	/ 2 )
	=	-1.74	/	2.94
	=	-59.18 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

Minas Metals (XCNQ:MINA) 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.

Minas Metals ROCE % Related Terms

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Minas Metals (XCNQ:MINA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minas Metals Ltd (XCNQ:MINA) » Definitions » ROCE %

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Traded in Other Exchanges

1J1:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.minasmetals.ca

Minas Metals Ltd is a Canadian junior mining exploration company exploring its flagship Cracker Creek gold project in northeastern Oregon, USA, and battery metal projects in Minas Gerais state of Brazil, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

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