Silver Spruce Resources (TSXV:SSE) ROCE % : -1,489.86% (As of Jan. 2024)

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What is Silver Spruce 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. Silver Spruce Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -1,489.86%.

Silver Spruce Resources ROCE % Historical Data

The historical data trend for Silver Spruce 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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Silver Spruce Resources ROCE % Chart

Silver Spruce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-166.56

-189.21

-253.83

-914.78

Silver Spruce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-780.80	-208.22	-292.31	-1,489.86

Silver Spruce Resources ROCE % Calculation

Silver Spruce Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-1.052	/	( ( (0.385 - 0.353)	+	(0.411 - 0.213) )	/ 2 )
	=	-1.052	/	( (0.032	+	0.198)	/ 2 )
	=	-1.052	/	0.115
	=	-914.78 %

Silver Spruce Resources'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: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.028	/	( ( (0.411 - 0.213)	+	(0.228 - 0.288) )	/ 2 )
	=	-1.028	/	( ( 0.198	+	-0.06 )	/ 2 )
	=	-1.028	/	0.069
	=	-1,489.86 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Silver Spruce Resources (TSXV:SSE) 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.

Silver Spruce Resources ROCE % Related Terms

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Silver Spruce Resources (TSXV:SSE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Spruce Resources Inc (TSXV:SSE) » Definitions » ROCE %

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SSEBF:USA S6Q1:Germany

Address

1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8

Website

https://www.silverspruceresources.com

Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.

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