Sirios Resources (FRA:377A) ROCE % : -3.75% (As of Dec. 2023)

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What is Sirios 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. Sirios Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.75%.

Sirios Resources ROCE % Historical Data

The historical data trend for Sirios 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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Sirios Resources ROCE % Chart

Sirios Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-4.93

-14.35

-4.07

-3.01

1.53

Sirios Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.65	-2.84	13.72	-3.76	-3.75

Sirios Resources ROCE % Calculation

Sirios Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	0.379	/	( ( (24.944 - 0.319)	+	(26.067 - 1.076) )	/ 2 )
	=	0.379	/	( (24.625	+	24.991)	/ 2 )
	=	0.379	/	24.808
	=	1.53 %

Sirios Resources'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 )
	=	-0.928	/	( ( (25.553 - 0.741)	+	(25.118 - 0.446) )	/ 2 )
	=	-0.928	/	( ( 24.812	+	24.672 )	/ 2 )
	=	-0.928	/	24.742
	=	-3.75 %

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

Sirios Resources (FRA:377A) 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.

Sirios Resources ROCE % Related Terms

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Sirios Resources (FRA:377A) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sirios Resources Inc (FRA:377A) » Definitions » ROCE %

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SIREF:USA 377A:Germany SOI:Canada

Address

1400 Marie-Victorin,, Bureau 210, Saint-Bruno-De-Montarville, QC, CAN, J3V 6B9

Website

https://www.sirios.com

Sirios Resources Inc is engaged in the exploration and evaluation of mineral resources. The company aims to discover world-class gold and lithium deposits in the Eeyou Istchee James Bay region, in Quebec, Canada. The company owns projects such as Cheechoo, Aquilon, Maskwa and Li-52. The firm's flagship project is the Cheechoo, a multi-million onces gold project.

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