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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. SSR Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was -29.55%.
The historical data trend for SSR Mining'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.
SSR Mining Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 10.12 | 6.69 | 8.80 | 5.25 | -3.65 |
SSR Mining Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | 2.96 | 3.36 | 4.74 | -24.64 | -29.55 |
SSR Mining'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 ) | |||||
= | -185.792 | / | ( ( (5254.657 - 279.252) | + | (5385.773 - 170.573) ) | / 2 ) | |
= | -185.792 | / | ( (4975.405 | + | 5215.2) | / 2 ) | |
= | -185.792 | / | 5095.3025 | ||||
= | -3.65 % |
SSR Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -1494.28 | / | ( ( (5385.773 - 170.573) | + | (5251.782 - 352.768) ) | / 2 ) | |
= | -1494.28 | / | ( ( 5215.2 | + | 4899.014 ) | / 2 ) | |
= | -1494.28 | / | 5057.107 | ||||
= | -29.55 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
SSR Mining (NAS:SSRM) 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.
Thank you for viewing the detailed overview of SSR Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Arthur Michael Anglin | director | 20 EL CAMINO REAL, BERKELEY CA 94705 |
Alison Lynn White | officer: Chief Financial Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
John Ebbett | other: EVP, Growth and Innovation | 6900 E. LAYTON AVE. SUITE 1300, DENVER CO 80237 |
Farid Fady Adel Edward | officer: Chief Corp Development Officer | 100 KING STREET WEST, STE 5600, TORONTO A6 M5X 1C9 |
Russell Farnsworth | officer: Chief Accounting Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Michael John Sparks | officer: Chief Legal & Admin Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Karen A Swager | director | C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 1200, TAMPA FL 33602 |
Rodney Antal | director, officer: President & CEO | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
William K. Macnevin | other: EVP, Ops & Sustainability | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Steward John Beckman | officer: Chief Operating Officer | 6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237 |
Leigh Ann Fisher | director | 3930 JACKSON BEND DRIVE, LOUISVILLE TN 37777 |
Bates Thomas R Jr | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
Alan Krusi | director | AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071 |
Edward C Dowling | director | 19 NEDS POINT ROAD, MATTAPOISETT MA 02739 |
Brian R Booth | director | 4957 EDENDALE COURT, WEST VANCOUVER A1 V7W 3H7 |
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