Seabridge Gold (Seabridge Gold) ROCE %

: -10.70% (As of Dec. 2023)

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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. Seabridge Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.70%.

Seabridge Gold ROCE % Historical Data

The historical data trend for Seabridge 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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Seabridge Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-2.83

-2.79

0.82

0.48

-2.90

Seabridge Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-11.73	-5.41	4.75	0.37	-10.70

Seabridge Gold ROCE % Calculation

Seabridge Gold'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 )
	=	-25.315	/	( ( (806.492 - 38.272)	+	(1006.976 - 29.375) )	/ 2 )
	=	-25.315	/	( (768.22	+	977.601)	/ 2 )
	=	-25.315	/	872.9105
	=	-2.90 %

Seabridge Gold'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 )
	=	-102.816	/	( ( (991.446 - 47.144)	+	(1006.976 - 29.375) )	/ 2 )
	=	-102.816	/	( ( 944.302	+	977.601 )	/ 2 )
	=	-102.816	/	960.9515
	=	-10.70 %

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

Seabridge Gold (NYSE:SA) 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.

Seabridge Gold ROCE % Related Terms

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Seabridge Gold (Seabridge Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Seabridge Gold Inc (NYSE:SA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SRM:Germany SRM:Germany SEA:Canada

Address

106 Front Street East, Suite 400, Toronto, ON, CAN, M5A 1E1

Website

https://www.seabridgegold.com

Seabridge Gold Inc is a development stage company involved in the evaluation, acquisition, exploration, and development of gold properties sited in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia, the Courageous Lake property located in the Northwest Territories and its newly acquired Iksut Property located in northwestern British Columbia. It has various other mineral resource projects throughout North America.