Muzhu Mining (XCNQ:MUZU) ROCE % : -149.71% (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Muzhu Mining 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. Muzhu Mining's annualized ROCE % for the quarter that ended in Dec. 2024 was -149.71%.

Muzhu Mining ROCE % Historical Data

The historical data trend for Muzhu Mining'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.

* Premium members only.

Muzhu Mining ROCE % Chart

Muzhu Mining Annual Data

Trend

Dec20

Dec21

Mar24

ROCE %

-57.75

-51.99

Muzhu Mining Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											61.02	-45.59	-89.81	-94.60	-149.71

Muzhu Mining ROCE % Calculation

Muzhu Mining's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Dec. 2021 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Dec. 2021 )		(A: Mar. 2024 )
	=	-0.451	/	( ( (0.951 - 0.093)	+	(1.083 - 0.206) )	/ 2 )
	=	-0.451	/	( (0.858	+	0.877)	/ 2 )
	=	-0.451	/	0.8675
	=	-51.99 %

Muzhu Mining's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-1.048	/	( ( (0.979 - 0.292)	+	(1.43 - 0.717) )	/ 2 )
	=	-1.048	/	( ( 0.687	+	0.713 )	/ 2 )
	=	-1.048	/	0.7
	=	-149.71 %

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

Muzhu Mining (XCNQ:MUZU) 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.

Muzhu Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Muzhu Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Muzhu Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Sherbrooke Street, Suite 3206, New Westminster, BC, CAN, V3L 0A4

Website

https://www.muzhumining.ca

Muzhu Mining Ltd is a junior exploration company operating in Quebec and is engaged in the exploration, development, and mining of precious metals properties domestically and/or internationally and currently has exploration property agreements in Canada and China. The company holds 100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt.

Executives

James Christopher Tworek	Deemed Insider - 6 Months before becoming Insider
Dwayne Yaretz	Director
Connor Pantaleo	Senior Officer
Aaron Meckler	Director

Muzhu Mining Headlines

No Headlines