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First Andes Silver (TSXV:FAS) ROCE % : -10.99% (As of Nov. 2023)


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What is First Andes Silver 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. First Andes Silver's annualized ROCE % for the quarter that ended in Nov. 2023 was -10.99%.

First Andes Silver ROCE % Historical Data

The historical data trend for First Andes Silver'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.

* Premium members only.

First Andes Silver ROCE % Chart

First Andes Silver Annual Data
Trend Feb22 Feb23
ROCE %
-27.17 -13.38

First Andes Silver Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -10.91 -15.29 -13.44 -35.39 -10.99

First Andes Silver ROCE % Calculation

First Andes Silver'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 )
=-1.247/( ( (10.268 - 0.326) + (9.129 - 0.438) )/ 2 )
=-1.247/( (9.942+8.691)/ 2 )
=-1.247/9.3165
=-13.38 %

First Andes Silver's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2023 )  (Q: Aug. 2023 )(Q: Nov. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2023 )  (Q: Aug. 2023 )(Q: Nov. 2023 )
=-0.252/( ( (2.934 - 0.581) + (3.095 - 0.863) )/ 2 )
=-0.252/( ( 2.353 + 2.232 )/ 2 )
=-0.252/2.2925
=-10.99 %

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

* 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.

First Andes Silver  (TSXV:FAS) 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.

First Andes Silver ROCE % Related Terms

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First Andes Silver (TSXV:FAS) Business Description

Industry
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MSLVD:USA 9TZ:Germany
Address
1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Website
https://www.mantaropreciousmetals.com
Mantaro Precious Metals Corp holds a diversified portfolio of gold and silver-focused mineral properties in Bolivia and Peru. The company holds an option to acquire up to an 80% interest in the advanced Golden Hill Property (Golden Hill), located in the underexplored, orogenic Bolivia Shield, Bolivia. It also holds 100% interest in high-grade Santas Gloria Silver Property as well as a 100% interest in the San Jose, La Purisima, Cerro Luque and Huaranay Properties (Silver Properties) located in Peru.