South Atlantic Gold (TSXV:SAO) ROCE % : -16.61% (As of Nov. 2023)

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What is South Atlantic Gold 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. South Atlantic Gold's annualized ROCE % for the quarter that ended in Nov. 2023 was -16.61%.

South Atlantic Gold ROCE % Historical Data

The historical data trend for South Atlantic Gold'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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South Atlantic Gold ROCE % Chart

South Atlantic Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-21.32

-7.04

-26.75

-14.69

-12.84

South Atlantic Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-10.53	-19.53	-23.90	-24.65	-16.61

South Atlantic Gold ROCE % Calculation

South Atlantic Gold's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.525	/	( ( (4.693 - 0.403)	+	(4.171 - 0.286) )	/ 2 )
	=	-0.525	/	( (4.29	+	3.885)	/ 2 )
	=	-0.525	/	4.0875
	=	-12.84 %

South Atlantic Gold's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.712	/	( ( (4.65 - 0.292)	+	(4.56 - 0.344) )	/ 2 )
	=	-0.712	/	( ( 4.358	+	4.216 )	/ 2 )
	=	-0.712	/	4.287
	=	-16.61 %

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

South Atlantic Gold (TSXV:SAO) 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.

South Atlantic Gold ROCE % Related Terms

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South Atlantic Gold (TSXV:SAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Atlantic Gold Inc (TSXV:SAO) » Definitions » ROCE %

Comparable Companies

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JLRRF:USA

Address

1632 Dickson Avenue, Suite 335, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.southatlanticgold.com

South Atlantic Gold Inc is an exploration stage company engaged in the acquisition of mineral properties in the Americas. Its project includes the Big Kidd project which is located in the Nicola Mining Division of British Columbia, Canada. The company holds interests in the Pedra Branca project.

Executives

William Richard Brown

Director

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