Sable Exploration And Mining (JSE:SXM) ROCE % : 0.00% (As of Aug. 2023)

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What is Sable Exploration And 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. Sable Exploration And Mining's annualized ROCE % for the quarter that ended in Aug. 2023 was 0.00%.

Sable Exploration And Mining ROCE % Historical Data

The historical data trend for Sable Exploration And 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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Sable Exploration And Mining ROCE % Chart

Sable Exploration And Mining Annual Data

Trend

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ROCE %

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Sable Exploration And Mining Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Sable Exploration And Mining ROCE % Calculation

Sable Exploration And Mining's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-6.169	/	( ( (0.4 - 3.479)	+	(1.084 - 33.342) )	/ 2 )
	=	-6.169	/	( (-3.079	+	-32.258)	/ 2 )
	=	-6.169	/	-17.6685
	=	34.92 %

Sable Exploration And Mining's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	-6.322	/	( ( (1.084 - 33.342)	+	(1.377 - 0.892) )	/ 2 )
	=	-6.322	/	( ( -32.258	+	0.485 )	/ 2 )
	=	-6.322	/	-15.8865
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Sable Exploration And Mining (JSE:SXM) 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.

Sable Exploration And Mining ROCE % Related Terms

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Sable Exploration And Mining (JSE:SXM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sable Exploration And Mining Ltd (JSE:SXM) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

85 Protea Road, Kingsley Office Park, Chistlehurston, Sandton, GT, ZAF, 2192

Website

https://www.sablemetals.co.za

Sable Exploration And Mining Ltd formerly Middle East Diamond Resources Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.

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