The Mint (The Mint) ROCE % : -89.92% (As of Sep. 2023)

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What is The Mint 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. The Mint's annualized ROCE % for the quarter that ended in Sep. 2023 was -89.92%.

The Mint ROCE % Historical Data

The historical data trend for The Mint'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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The Mint ROCE % Chart

The Mint Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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The Mint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-6.05	8,017.82	-43.11	-71.93	-89.92

The Mint ROCE % Calculation

The Mint's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	21.433	/	( ( (1.964 - 24.243)	+	(0.825 - 0.384) )	/ 2 )
	=	21.433	/	( (-22.279	+	0.441)	/ 2 )
	=	21.433	/	-10.919
	=	-196.29 %

The Mint's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.272	/	( ( (0.849 - 0.509)	+	(0.838 - 0.573) )	/ 2 )
	=	-0.272	/	( ( 0.34	+	0.265 )	/ 2 )
	=	-0.272	/	0.3025
	=	-89.92 %

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

The Mint (OTCPK:MITJF) 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.

The Mint ROCE % Related Terms

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The Mint (The Mint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » The Mint Corp (OTCPK:MITJF) » Definitions » ROCE %

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MIT:Canada

Address

333 Bay Street, Suite 1700, Toronto, ON, CAN, M5H 2R2

Website

https://www.themintcorp.com

The Mint Corp, through its subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Group manages the issuance, administration, customer support, payment processing, and set-up and reporting of payroll cards. In addition, it also provides additional services to cardholders, including mobile airtime top-up and mobile payments.

The Mint (The Mint) Headlines

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