Volcan Compania MineraA (XMAD:XVOLB) ROCE % : -6.68% (As of Dec. 2023)

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What is Volcan Compania MineraA 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. Volcan Compania MineraA's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.68%.

Volcan Compania MineraA ROCE % Historical Data

The historical data trend for Volcan Compania MineraA'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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Volcan Compania MineraA ROCE % Chart

Volcan Compania MineraA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.97

-6.41

10.22

-3.50

0.93

Volcan Compania MineraA 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															-23.97	4.68	-1.42	6.85	-6.68

Volcan Compania MineraA ROCE % Calculation

Volcan Compania MineraA'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 )
	=	13.254	/	( ( (1865.238 - 340.787)	+	(1719.535 - 403.573) )	/ 2 )
	=	13.254	/	( (1524.451	+	1315.962)	/ 2 )
	=	13.254	/	1420.2065
	=	0.93 %

Volcan Compania MineraA'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 )
	=	-91.62	/	( ( (1798.464 - 372.123)	+	(1719.535 - 403.573) )	/ 2 )
	=	-91.62	/	( ( 1426.341	+	1315.962 )	/ 2 )
	=	-91.62	/	1371.1515
	=	-6.68 %

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

Volcan Compania MineraA (XMAD:XVOLB) 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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Volcan Compania MineraA (XMAD:XVOLB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Compania Minera SAA (XMAD:XVOLB) » Definitions » ROCE %

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VOLCABC1:Peru VOLCAAC1:Peru

Address

Avenida Manuel Olguin 373, Santiago de Surco, Lima, PER

Website

https://www.volcan.com.pe

Volcan Compania Minera SAA is a Peruvian mining company. All of its operations are located in the central mountains of the Peruvian Andes, which include operating units such as Yauli, Chungar, Alpamarca, and Cerro de Pasco. These four operating units include a total of 10 mines, seven concentrator plants, and an oxide leaching plant. Zinc constitutes the largest contribution to consolidated revenue, and with silver, makes up the vast majority of sales. In addition to the zinc and silver business, the company also mines lead, copper, and gold.

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