Selectnds (TSXV:SNS) ROCE % : -27.45% (As of Sep. 2023)

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What is Selectnds 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. Selectnds's annualized ROCE % for the quarter that ended in Sep. 2023 was -27.45%.

Selectnds ROCE % Historical Data

The historical data trend for Selectnds'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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Selectnds ROCE % Chart

Selectnds Annual Data

Trend

Jul13

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.62

-38.12

-17.99

-7.35

-2.11

Selectnds Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-0.44	-15.23	-8.11	-23.62	-27.45

Selectnds ROCE % Calculation

Selectnds's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.421	/	( ( (24.52 - 5.665)	+	(28.404 - 7.39) )	/ 2 )
	=	-0.421	/	( (18.855	+	21.014)	/ 2 )
	=	-0.421	/	19.9345
	=	-2.11 %

Selectnds's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-4.648	/	( ( (25.057 - 7.453)	+	(24.414 - 8.156) )	/ 2 )
	=	-4.648	/	( ( 17.604	+	16.258 )	/ 2 )
	=	-4.648	/	16.931
	=	-27.45 %

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

Selectnds (TSXV:SNS) 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.

Selectnds ROCE % Related Terms

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Selectnds (TSXV:SNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Select Sands Corp (TSXV:SNS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SLSDF:USA

Address

RPO Parkgate Vlg, P.O. Box 30072, North Vancouver, BC, CAN, V7H 2Y8

Website

https://www.selectsands.com

Select Sands Corp engaged in an advanced stage silica sand quarry and production facilities located in Arkansas, USA. The company is focused on developing this business to enable profitable commercial silica sand sales to industrial and energy customers. The company's business activities are spread across the United States and Canada.

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