Southern Alliance Mining (SGX:QNS) ROCE % : -0.13% (As of Jan. 2024)

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What is Southern Alliance 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. Southern Alliance Mining's annualized ROCE % for the quarter that ended in Jan. 2024 was -0.13%.

Southern Alliance Mining ROCE % Historical Data

The historical data trend for Southern Alliance 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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Southern Alliance Mining ROCE % Chart

Southern Alliance Mining Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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49.55

43.69

63.05

5.83

-2.37

Southern Alliance Mining Semi-Annual Data
	Jul17	Jul18	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial							14.80	-2.97	-5.34	0.47	-0.13

Southern Alliance Mining ROCE % Calculation

Southern Alliance Mining's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-2.621	/	( ( (123.981 - 7.129)	+	(111.021 - 6.945) )	/ 2 )
	=	-2.621	/	( (116.852	+	104.076)	/ 2 )
	=	-2.621	/	110.464
	=	-2.37 %

Southern Alliance Mining's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	-0.132	/	( ( (111.021 - 6.945)	+	(108.86 - 7.638) )	/ 2 )
	=	-0.132	/	( ( 104.076	+	101.222 )	/ 2 )
	=	-0.132	/	102.649
	=	-0.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Jan. 2024) EBIT data.

Southern Alliance Mining (SGX:QNS) 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.

Southern Alliance Mining ROCE % Related Terms

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Southern Alliance Mining (SGX:QNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Alliance Mining Ltd (SGX:QNS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Putra Square 6, Level 8, Menara Zenith, Putra Square, Kuantan, PHG, MYS, 25200

Website

https://www.southernalliancemining.com

Southern Alliance Mining Ltd is engaged in the exploration, mining, and processing of iron ore for subsequent sale.The principal activities of the Company are those of investment holding and provision of management services. The company mines, produces, and sells iron ore which includes processed iron ore concentrate typically sold to steel mills or traders; and crushed iron ore that is used as a pipe coating material. It mines at the Chaah mine an open pit mine located at the southwest of the township of Chaah.

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