GAYGF (Montauk Metals) ROCE % : 0.00% (As of Jun. 2024)

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What is Montauk 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. Montauk Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Montauk Metals ROCE % Historical Data

The historical data trend for Montauk 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.

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Montauk Metals ROCE % Chart

Montauk Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-25.23

-40.10

-52.85

-164.87

Montauk Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-9,723.08	-	-	-	-

Montauk Metals ROCE % Calculation

Montauk Metals'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 )
	=	-0.891	/	( ( (0.753 - 0.557)	+	(0.415 - 1.123) )	/ 2 )
	=	-0.891	/	( (0.196	+	-0.708)	/ 2 )
	=	-0.891	/	-0.256
	=	348.05 %

Montauk Metals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	0.988	/	( ( (0.378 - 1.126)	+	(0.653 - 1.147) )	/ 2 )
	=	0.988	/	( ( -0.748	+	-0.494 )	/ 2 )
	=	0.988	/	-0.621
	=	0 %

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

Montauk Metals (OTCPK:GAYGF) 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.

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Montauk Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Montauk Metals Inc (OTCPK:GAYGF) » Definitions » ROCE %

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MTK:Canada

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.galwaygoldinc.com

Montauk Metals Inc Formerly Galway Gold Inc is an exploration-stage company. It is engaged in the acquisition, exploration, and development of mineral resource properties. The company's mineral property is the Vetas Project.