Southern Arc Minerals (TSXV:SA.H) ROCE % : -96.27% (As of Dec. 2023)

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What is Southern Arc 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. Southern Arc Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -96.27%.

Southern Arc Minerals ROCE % Historical Data

The historical data trend for Southern Arc 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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Southern Arc Minerals ROCE % Chart

Southern Arc Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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31.99

2.33

-8.96

-23.79

-48.27

Southern Arc Minerals Quarterly Data
	Mar19	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															-43.19	-36.03	-31.40	-89.82	-96.27

Southern Arc Minerals ROCE % Calculation

Southern Arc Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.369	/	( ( (1.153 - 0.05)	+	(0.466 - 0.04) )	/ 2 )
	=	-0.369	/	( (1.103	+	0.426)	/ 2 )
	=	-0.369	/	0.7645
	=	-48.27 %

Southern Arc 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 )
	=	-0.348	/	( ( (0.466 - 0.037)	+	(0.349 - 0.055) )	/ 2 )
	=	-0.348	/	( ( 0.429	+	0.294 )	/ 2 )
	=	-0.348	/	0.3615
	=	-96.27 %

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

Southern Arc Minerals (TSXV:SA.H) 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.

Southern Arc Minerals ROCE % Related Terms

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Southern Arc Minerals (TSXV:SA.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Arc Minerals Inc (TSXV:SA.H) » Definitions » ROCE %

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SARMF:USA

Address

669 Howe Street, Suite 650, Vancouver, BC, CAN, V6C 0B4

Website

https://www.southernarcminerals.com

Southern Arc Minerals Inc is a mineral exploration company. The company is focused on creating value through project generation and strategic investments in mineral resource companies with a focus on gold and copper-gold. The company's exploration properties include northern Hokkaido, northern Honshu, and Kyushu, Japan. The Company conducts its business as a single operating segment focused on the acquisition and exploration of resource properties and investments.

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