Miata Metals (XCNQ:MMET) ROCE % : -167.63% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Miata 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. Miata Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -167.63%.

Miata Metals ROCE % Historical Data

The historical data trend for Miata 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.

* Premium members only.

Miata Metals ROCE % Chart

Miata Metals Annual Data

Trend

Mar22

Mar23

ROCE %

-18.08

Miata Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-27.20	-27.63	-153.81	-167.63

Miata Metals ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.109	/	( ( (0 - 0)	+	(0.644 - 0.041) )	/ 1 )
	=	-0.109	/	( (0	+	0.603)	/ 1 )
	=	-0.109	/	0.603
	=	-18.08 %

Miata Metals'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 )
	=	-0.58	/	( ( (0.427 - 0.051)	+	(0.356 - 0.04) )	/ 2 )
	=	-0.58	/	( ( 0.376	+	0.316 )	/ 2 )
	=	-0.58	/	0.346
	=	-167.63 %

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

Miata Metals (XCNQ:MMET) 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.

Miata Metals ROCE % Related Terms

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

Miata Metals (XCNQ:MMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Miata Metals Corp (XCNQ:MMET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

Miata Metals Corp engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. It holds an interest in the Cabin Lake property.

Executives

Leonidas Karabelas

10% Security Holder

Miata Metals (XCNQ:MMET) Headlines

No Headlines