Sumo Resources (XPAR:MLSUM) ROCE % : 0.00% (As of Dec. 2022)

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What is Sumo Resources 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. Sumo Resources's annualized ROCE % for the quarter that ended in Dec. 2022 was 0.00%.

Sumo Resources ROCE % Historical Data

The historical data trend for Sumo Resources'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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Sumo Resources ROCE % Chart

Sumo Resources Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-32.27

-23.88

-26.95

Sumo Resources Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial			-32.27	-23.88	-26.95	-	-

Sumo Resources ROCE % Calculation

Sumo Resources's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.006	/	( ( (0.101 - 0.194)	+	(0 - 0.097) )	/ 2 )
	=	-0.006	/	( (-0.093	+	-0.097)	/ 2 )
	=	-0.006	/	-0.095
	=	6.32 %

Sumo Resources's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	-0.006	/	( ( (0.101 - 0.194)	+	(0 - 0.097) )	/ 2 )
	=	-0.006	/	( ( -0.093	+	-0.097 )	/ 2 )
	=	-0.006	/	-0.095
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Sumo Resources (XPAR:MLSUM) 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.

Sumo Resources ROCE % Related Terms

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Sumo Resources (XPAR:MLSUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumo Resources PLC (XPAR:MLSUM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Landguard Road, Southampton, Southampton, Hampshire, GBR, SO15 5DP

Website

https://www.sumoresources.com

Sumo Resources PLC is a rare minerals trading and extraction company operating in frontier regions. Its current mineral focus is Tantalum and Niobium.

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