Magnum Goldcorp (Magnum Goldcorp) ROCE % : -2.46% (As of Feb. 2024)

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What is Magnum Goldcorp 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. Magnum Goldcorp's annualized ROCE % for the quarter that ended in Feb. 2024 was -2.46%.

Magnum Goldcorp ROCE % Historical Data

The historical data trend for Magnum Goldcorp'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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Magnum Goldcorp ROCE % Chart

Magnum Goldcorp Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-9.78

-2.57

-3.05

-9.05

-2.36

Magnum Goldcorp Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-2.14	-3.80	-1.96	-2.59	-2.46

Magnum Goldcorp ROCE % Calculation

Magnum Goldcorp's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.064	/	( ( (2.896 - 0.129)	+	(2.686 - 0.029) )	/ 2 )
	=	-0.064	/	( (2.767	+	2.657)	/ 2 )
	=	-0.064	/	2.712
	=	-2.36 %

Magnum Goldcorp's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.064	/	( ( (2.645 - 0.054)	+	(2.678 - 0.062) )	/ 2 )
	=	-0.064	/	( ( 2.591	+	2.616 )	/ 2 )
	=	-0.064	/	2.6035
	=	-2.46 %

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

Magnum Goldcorp (OTCPK:MGIDF) 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.

Magnum Goldcorp ROCE % Related Terms

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Magnum Goldcorp (Magnum Goldcorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Goldcorp Inc (OTCPK:MGIDF) » Definitions » ROCE %

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MGI:Canada

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the Slocan Mining Division of Southeastern British Columbia.

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