Sterling Metals (TSXV:SAG) ROCE % : -6.44% (As of Mar. 2024)

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What is Sterling 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. Sterling Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.44%.

Sterling Metals ROCE % Historical Data

The historical data trend for Sterling 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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Sterling Metals ROCE % Chart

Sterling Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-67.50

-18.02

-17.59

-13.55

Sterling Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-9.20	-18.55	-6.83	-7.15	-6.44

Sterling Metals ROCE % Calculation

Sterling 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 )
	=	-1.989	/	( ( (12.439 - 0.342)	+	(17.894 - 0.634) )	/ 2 )
	=	-1.989	/	( (12.097	+	17.26)	/ 2 )
	=	-1.989	/	14.6785
	=	-13.55 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.104	/	( ( (17.894 - 0.634)	+	(17.543 - 0.511) )	/ 2 )
	=	-1.104	/	( ( 17.26	+	17.032 )	/ 2 )
	=	-1.104	/	17.146
	=	-6.44 %

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

Sterling Metals (TSXV:SAG) 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.

Sterling Metals ROCE % Related Terms

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Sterling Metals (TSXV:SAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sterling Metals Corp (TSXV:SAG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAGGF:USA LACB:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.sterlingmetals.ca

Sterling Metals Corp is engaged in the exploration and development of resource properties. Its project includes the Sail Pond project, located on Newfoundland's Great Northern Peninsula, eastern Canada.

Executives

Richard J Patricio

Director

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