Gatos Silver (TSX:GATO) ROCE % : 2.80% (As of Mar. 2024)

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What is Gatos Silver 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. Gatos Silver's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.80%.

Gatos Silver ROCE % Historical Data

The historical data trend for Gatos Silver'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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Gatos Silver ROCE % Chart

Gatos Silver Annual Data

Trend

Dec10

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.73

-14.88

-21.69

4.85

3.74

Gatos Silver 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															1.12	-6.80	-8.54	36.39	2.80

Gatos Silver ROCE % Calculation

Gatos Silver'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 )
	=	18.317	/	( ( (520.986 - 35.807)	+	(537.853 - 44.752) )	/ 2 )
	=	18.317	/	( (485.179	+	493.101)	/ 2 )
	=	18.317	/	489.14
	=	3.74 %

Gatos Silver'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 )
	=	13.944	/	( ( (537.853 - 44.752)	+	(517.615 - 14.045) )	/ 2 )
	=	13.944	/	( ( 493.101	+	503.57 )	/ 2 )
	=	13.944	/	498.3355
	=	2.80 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Gatos Silver (TSX:GATO) 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.

Gatos Silver ROCE % Related Terms

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Gatos Silver (TSX:GATO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gatos Silver Inc (TSX:GATO) » Definitions » ROCE %

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GATO:USA

Address

925 West Georgia Street, Suite 910, Vancouver, BC, CAN, V6C 3L2

Website

https://www.gatossilver.com

Gatos Silver Inc is a development and exploration company. It is focused on the production of Cerro Los Gatos Mine and the further exploration and development of the Los Gatos District, both located in Chihuahua, Mexico. The Los Gatos District consists of 14 mineralized zones, including three identified silver-lead-zinc deposits: the Cerro Los Gatos Mine, the Esther deposit, and the Amapola deposit. The Company's reportable segments are based on the Company's mineral interests and management structure and include Mexico and Corporate segments. The Mexico segment engages in the exploration, development, and operation of the Company's Mexican mineral interests and includes the Company's investment in its LGJV.