Solitario Resources (Solitario Resources) ROCE % : -21.29% (As of Dec. 2023)

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What is Solitario 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. Solitario Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.29%.

Solitario Resources ROCE % Historical Data

The historical data trend for Solitario 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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Solitario Resources ROCE % Chart

Solitario Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.85

-6.19

-9.27

-16.28

-17.18

Solitario Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.01	-14.01	-16.68	-22.80	-21.29

Solitario Resources ROCE % Calculation

Solitario Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-4.115	/	( ( (22.034 - 0.263)	+	(26.757 - 0.632) )	/ 2 )
	=	-4.115	/	( (21.771	+	26.125)	/ 2 )
	=	-4.115	/	23.948
	=	-17.18 %

Solitario Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.1	/	( ( (22.111 - 0.327)	+	(26.757 - 0.632) )	/ 2 )
	=	-5.1	/	( ( 21.784	+	26.125 )	/ 2 )
	=	-5.1	/	23.9545
	=	-21.29 %

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

Solitario Resources (AMEX:XPL) 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.

Solitario Resources ROCE % Related Terms

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Solitario Resources (Solitario Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Solitario Resources Corp (AMEX:XPL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SLR:Canada

Address

4251 Kipling Street, Suite 390, Wheat Ridge, CO, USA, 80033

Website

https://www.solitarioxr.com

Solitario Resources Corp is exploration company engaging in acquiring, exploring, and developing zinc properties and other precious metals in safe jurisdictions in North and South America. It has joint venture interests in large, high-grade zinc development projects. The Florida Canyon Zinc Project in Peru is a development asset held jointly with Nexa Resources S.A., Golden Crest Project in South Dakota and the Lik Zinc Project represents a large-tonnage, high-grade development project in Alaska in partnership with Teck Resources. In addition, the company has an additional portfolio of exploration properties and royalties in the Americas.

Executives

James Kb Hesketh	director	65 SOUTH JOYCE STREET, GOLDEN CO 80401
Debbie Mino Austin	director	128 APRIL BREEZE ST., MONTGOMERY CO 77356
James R Maronick	officer: CFO	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Christopher E Herald	director, officer: CEO	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Walter H Hunt	officer: Vice President Exploration	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033
Gil Atzmon	director	1718 FOX TREE LN, SAN ANTONIO TX 78248
John A Labate	director
Brian Labadie	director	24138 FERN CRESCENT, MAPLE RIDGE A1 V4R 2S1
Leonard Harris	director	4251 KIPLING ST STE 390, WHEAT RIDGE CO 80033
Jones Mark E Iii	director	16360 PARK TEN PLACE, SUITE 217, HOUSTON TX 77084
John Hainey	director	216 TOYNBEE TRAIL, SCARBOROUGH A6 M1E 1G9
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
Daniel B Leonard	director	4510 SILVER CLIFF COURT, CASTLE ROCK CO 80108
Crown Resources Corp	10 percent owner	4251 KIPLING STREET, SUITE 390, WHEAT RIDGE CO 80033