South Pacific Metals (TSXV:SPMC) ROCE % : -20.68% (As of Dec. 2023)

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What is South Pacific Metals 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. South Pacific Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.68%.

South Pacific Metals ROCE % Historical Data

The historical data trend for South Pacific Metals'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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South Pacific Metals ROCE % Chart

South Pacific Metals Annual Data

Trend

Nov20

Dec22

Dec23

ROCE %

-9.04

-31.70

-18.59

South Pacific Metals Quarterly Data
	Feb20	Jun20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-43.54	-17.85	-17.35	-24.82	-20.68

South Pacific Metals ROCE % Calculation

South Pacific Metals'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 )
	=	-2.022	/	( ( (10.337 - 0.962)	+	(15.286 - 2.913) )	/ 2 )
	=	-2.022	/	( (9.375	+	12.373)	/ 2 )
	=	-2.022	/	10.874
	=	-18.59 %

South Pacific Metals'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.292	/	( ( (11.66 - 1.863)	+	(15.286 - 2.913) )	/ 2 )
	=	-2.292	/	( ( 9.797	+	12.373 )	/ 2 )
	=	-2.292	/	11.085
	=	-20.68 %

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

South Pacific Metals (TSXV:SPMC) 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.

South Pacific Metals ROCE % Related Terms

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South Pacific Metals (TSXV:SPMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Pacific Metals Corp (TSXV:SPMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KRLCF:USA 6J0:Germany

Address

550 Burrard Street, Suite 2900, Vancouver, BC, CAN, V6C 0A3

Website

https://www.kainanturesources.com

Kainantu Resources Ltd is an Asia-Pacific-focused gold mining company engaged in the acquisition, exploration and development of exploration and evaluation assets in PNG. Its projects are KRL North and South and May River project. It has one operating segment which is the acquisition, exploration and development of exploration and evaluation assets in PNG.

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