Sienna Resources (TSXV:SIE) ROCE % : -28.04% (As of Mar. 2024)

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What is Sienna 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. Sienna Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -28.04%.

Sienna Resources ROCE % Historical Data

The historical data trend for Sienna 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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Sienna Resources ROCE % Chart

Sienna Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-33.75

-194.30

-58.40

-78.30

-60.19

Sienna Resources 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															-52.43	-19.17	-21.93	-70.78	-28.04

Sienna Resources ROCE % Calculation

Sienna 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 )
	=	-1.294	/	( ( (1.198 - 0.245)	+	(3.489 - 0.142) )	/ 2 )
	=	-1.294	/	( (0.953	+	3.347)	/ 2 )
	=	-1.294	/	2.15
	=	-60.19 %

Sienna Resources'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 )
	=	-0.864	/	( ( (3.489 - 0.142)	+	(2.886 - 0.071) )	/ 2 )
	=	-0.864	/	( ( 3.347	+	2.815 )	/ 2 )
	=	-0.864	/	3.081
	=	-28.04 %

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

Sienna Resources (TSXV:SIE) 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.

Sienna Resources ROCE % Related Terms

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Sienna Resources (TSXV:SIE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sienna Resources Inc (TSXV:SIE) » Definitions » ROCE %

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SNNAF:USA HRJ1:Germany

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.siennaresources.com

Sienna Resources Inc is an exploration-stage company. It is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. The projects of the company are Clayton Valley, Kuusamo project and others. The company operates in one business segment, which is the Acquisition and exploration of mineral properties. It has a business presence in Canada, Finland, the US and other regions.

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