Sun Peak Metals (TSXV:PEAK) ROCE % : -13.02% (As of Dec. 2023)

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What is Sun Peak 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. Sun Peak Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.02%.

Sun Peak Metals ROCE % Historical Data

The historical data trend for Sun Peak 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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Sun Peak Metals ROCE % Chart

Sun Peak Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-10.96

-23.20

-14.52

-10.57

-17.44

Sun Peak Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														-12.06	-28.77	-14.01	-13.90	-13.02

Sun Peak Metals ROCE % Calculation

Sun Peak 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 )
	=	-1.912	/	( ( (11.694 - 0.131)	+	(10.425 - 0.062) )	/ 2 )
	=	-1.912	/	( (11.563	+	10.363)	/ 2 )
	=	-1.912	/	10.963
	=	-17.44 %

Sun Peak 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 )
	=	-1.36	/	( ( (10.578 - 0.055)	+	(10.425 - 0.062) )	/ 2 )
	=	-1.36	/	( ( 10.523	+	10.363 )	/ 2 )
	=	-1.36	/	10.443
	=	-13.02 %

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

Sun Peak Metals (TSXV:PEAK) 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.

Sun Peak Metals ROCE % Related Terms

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Sun Peak Metals (TSXV:PEAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sun Peak Metals Corp (TSXV:PEAK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SUNPF:USA

Address

Unit 1 - 15782 Marine Drive, White Rock, BC, CAN, V4B 1E6

Website

https://www.sunpeakmetals.com

Sun Peak Metals Corp is engaged in the acquisition, exploration, and development of resource properties for the mining of precious or base metals. It is focused on the exploration and discovery of gold and copper targets on the Shire Project in Ethiopia. The Shire Project is comprised of four exploration licenses and covers approximately 900 square kilometers in northern Ethiopia.

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