Santacruz Silver Mining (TSXV:SCZ) ROCE % : 0.30% (As of Sep. 2023)

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What is Santacruz Silver Mining 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. Santacruz Silver Mining's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.30%.

Santacruz Silver Mining ROCE % Historical Data

The historical data trend for Santacruz Silver 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.

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Santacruz Silver Mining ROCE % Chart

Santacruz Silver Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-42.96

-76.71

-10.86

Santacruz Silver Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-71.73	-21.97	6.95	11.48	0.30

Santacruz Silver Mining ROCE % Calculation

Santacruz Silver Mining's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-15.975	/	( ( (77.97 - 53.626)	+	(458.521 - 188.791) )	/ 2 )
	=	-15.975	/	( (24.344	+	269.73)	/ 2 )
	=	-15.975	/	147.037
	=	-10.86 %

Santacruz Silver Mining's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	0.74	/	( ( (478.509 - 233.532)	+	(486.874 - 236.319) )	/ 2 )
	=	0.74	/	( ( 244.977	+	250.555 )	/ 2 )
	=	0.74	/	247.766
	=	0.30 %

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

Santacruz Silver Mining (TSXV:SCZ) 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.

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Santacruz Silver Mining (TSXV:SCZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Santacruz Silver Mining Ltd (TSXV:SCZ) » Definitions » ROCE %

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Traded in Other Exchanges

SZSMF:USA 1SZ:Germany

Address

1140 West Pender Street, Suite 480, Vancouver, BC, CAN

Website

https://www.santacruzsilver.com

Santacruz Silver Mining Ltd is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, with a primary focus on silver and zinc, including lead and copper. The company has one producing project, the Zimapan Mine, and two exploration properties in its mineral property portfolio, the La Pechuga Property, and the Santa Gorgonia Prospect. The company earns the majority of its revenue from Zinc and Silver. The company's reportable operating segments are the Bolivar mine and processing plant, the Porco mine and processing plant, the Caballo Blanco Group, San Lucas, Zimapan, and Corporate and Other activities.