Endeavour Silver (Endeavour Silver) ROCE % : 4.18% (As of Mar. 2024)

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What is Endeavour 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. Endeavour Silver's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.18%.

Endeavour Silver ROCE % Historical Data

The historical data trend for Endeavour 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.

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Endeavour Silver ROCE % Chart

Endeavour Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-29.83

-0.09

14.16

8.58

5.00

Endeavour Silver Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.78	5.08	1.23	0.45	4.18

Endeavour Silver ROCE % Calculation

Endeavour Silver'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 )
	=	19.075	/	( ( (399.437 - 52.749)	+	(474.807 - 58.244) )	/ 2 )
	=	19.075	/	( (346.688	+	416.563)	/ 2 )
	=	19.075	/	381.6255
	=	5.00 %

Endeavour Silver's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	18.216	/	( ( (474.807 - 58.244)	+	(510.188 - 55.357) )	/ 2 )
	=	18.216	/	( ( 416.563	+	454.831 )	/ 2 )
	=	18.216	/	435.697
	=	4.18 %

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

Endeavour Silver (NYSE:EXK) 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.

Endeavour Silver ROCE % Related Terms

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Endeavour Silver (Endeavour Silver) Business Description

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Address

609 Granville Street, Suite 1130, P.O. Box 10328, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.edrsilver.com

Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. The company has three producing silver-gold mines in Mexico: the Guanacevi Mine in Durango, the Bolanitos Mine in Guanajuato and the El Compas Mine in Zacatecas. It also has three exploration projects in northern Chile: Aida project, Paloma project and the Cerro Marquez project.