Mayo Lake Minerals (XCNQ:MLKM) ROCE % : -14.70% (As of Dec. 2023)

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What is Mayo Lake 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. Mayo Lake Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.70%.

Mayo Lake Minerals ROCE % Historical Data

The historical data trend for Mayo Lake 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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Mayo Lake Minerals ROCE % Chart

Mayo Lake Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-8.61

-10.07

-7.81

-13.58

Mayo Lake Minerals Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-15.44	-14.55	-13.82	-10.66	-14.70

Mayo Lake Minerals ROCE % Calculation

Mayo Lake Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.721	/	( ( (5.855 - 0.263)	+	(5.801 - 0.772) )	/ 2 )
	=	-0.721	/	( (5.592	+	5.029)	/ 2 )
	=	-0.721	/	5.3105
	=	-13.58 %

Mayo Lake Minerals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.76	/	( ( (5.863 - 0.552)	+	(5.801 - 0.772) )	/ 2 )
	=	-0.76	/	( ( 5.311	+	5.029 )	/ 2 )
	=	-0.76	/	5.17
	=	-14.70 %

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

Mayo Lake Minerals (XCNQ:MLKM) 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.

Mayo Lake Minerals ROCE % Related Terms

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Mayo Lake Minerals (XCNQ:MLKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mayo Lake Minerals Inc (XCNQ:MLKM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Westhunt Drive, Unit 2, Carp, ON, CAN, K0A 1L0

Website

https://www.mayolakeminerals.com

Mayo Lake Minerals Inc is engaged in the identification, evaluation and exploration of mineral properties in Yukon, Canada. Its project includes Anderson-Davidson; Edmonton; Cascade; Carlin-Roop and Trail-Minto.

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