Canadian Silver Hunter (TSXV:AGH.H) ROIC % : -847.06% (As of Dec. 2023)

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What is Canadian Silver Hunter ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Canadian Silver Hunter's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2023 was -847.06%.

As of today (2024-05-13), Canadian Silver Hunter's WACC % is 9.38%. Canadian Silver Hunter's ROIC % is -80.92% (calculated using TTM income statement data). Canadian Silver Hunter earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Canadian Silver Hunter ROIC % Historical Data

The historical data trend for Canadian Silver Hunter's ROIC % 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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Canadian Silver Hunter ROIC % Chart

Canadian Silver Hunter Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROIC %

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-176.00

-425.88

-66.39

-51.16

-95.21

Canadian Silver Hunter Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROIC %	Get a 7-Day Free Trial															-60.54	-47.42	-32.83	-108.47	-847.06

Competitive Comparison of Canadian Silver Hunter's ROIC %

For the Other Industrial Metals & Mining subindustry, Canadian Silver Hunter's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Silver Hunter's ROIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Canadian Silver Hunter's ROIC % distribution charts can be found below:

* The bar in red indicates where Canadian Silver Hunter's ROIC % falls into.

Canadian Silver Hunter ROIC % Calculation

Canadian Silver Hunter's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROIC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-0.169 * ( 1 - 0% )	/	( (0.329	+	0.026)	/ 2 )
=	-0.169	/	0.1775
=	-95.21 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.394	-	0.042	-	( 0.051	-	max(0, 0.042	-	0.065	+	0.051	))
=	0.329

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.47	-	0.056	-	( 0.438	-	max(0, 0.056	-	0.444	+	0.438	))
=	0.026

Canadian Silver Hunter's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2023 is calculated as:

	ROIC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-0.216 * ( 1 - 0% )	/	( (0.025	+	0.026)	/ 2 )
=	-0.216	/	0.0255
=	-847.06 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.535	-	0.03	-	( 0.506	-	max(0, 0.03	-	0.51	+	0.506	))
=	0.025

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.47	-	0.056	-	( 0.438	-	max(0, 0.056	-	0.444	+	0.438	))
=	0.026

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

Canadian Silver Hunter (TSXV:AGH.H) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Canadian Silver Hunter's WACC % is 9.38%. Canadian Silver Hunter's ROIC % is -80.92% (calculated using TTM income statement data).

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Canadian Silver Hunter ROIC % Related Terms

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Canadian Silver Hunter (TSXV:AGH.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Silver Hunter Inc (TSXV:AGH.H) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

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Address

65 Harbour Square, Suite 904, Toronto, ON, CAN, M5J 2L4

Website

https://www.canadiansilverhunter.ca

Canadian Silver Hunter Inc is an exploration stage company engaged in the exploration and development of base and precious metal mineral properties. Its South Lorrain project is located in South Lorrain Township, Larder Lake Mining Division, Ontario and is comprised of the past-producing Keeley and Frontier silver-cobalt mines, the Veinlode Silver Mines mining leases, the Montreal River Extension claims, and the Tooth Lake claim. The other properties of the company include the Lost Dog property and the Dark Horse property. The company operates in one business segment being, the exploration for gold and silver. It operates in one business segment, the exploration of gold, silver and battery tech metals.

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