Savannah Resources (LSE:SAV) ROCE % : -15.19% (As of Dec. 2023)

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What is Savannah 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. Savannah Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.19%.

Savannah Resources ROCE % Historical Data

The historical data trend for Savannah 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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Savannah Resources ROCE % Chart

Savannah Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.80

-10.79

-14.74

-10.22

-12.96

Savannah Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-11.69	-9.72	-10.68	-12.32	-15.19

Savannah Resources ROCE % Calculation

Savannah Resources'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 )
	=	-3.45	/	( ( (26.369 - 1.101)	+	(30.787 - 2.803) )	/ 2 )
	=	-3.45	/	( (25.268	+	27.984)	/ 2 )
	=	-3.45	/	26.626
	=	-12.96 %

Savannah Resources'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.902	/	( ( (24.056 - 0.666)	+	(30.787 - 2.803) )	/ 2 )
	=	-3.902	/	( ( 23.39	+	27.984 )	/ 2 )
	=	-3.902	/	25.687
	=	-15.19 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Savannah Resources (LSE:SAV) 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.

Savannah Resources ROCE % Related Terms

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Savannah Resources (LSE:SAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Savannah Resources PLC (LSE:SAV) » Definitions » ROCE %

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SAVNF:USA SAV:Germany

Address

Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://www.savannahresources.com

Savannah Resources PLC is a mineral resource development company. Its flagship asset is the wholly-owned Barros Lithium Project in northern Portugal. The project boasts the spodumene lithium resource in Western Europe and is an analog of the hard rock lithium deposits in Australia. Savannah is focused on the responsible development and operation of the Barroso Lithium Project to provide a long-term, local source of lithium raw material for Europe's rapidly developing lithium battery value chain. Alongside its development of the Barroso Lithium Project, the company maintains an active growth strategy and continues to target additional projects that add value and complement the existing portfolio.

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