Sylvania Platinum (FRA:31L) ROCE % : 6.63% (As of Dec. 2023)

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What is Sylvania Platinum 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. Sylvania Platinum's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.63%.

Sylvania Platinum ROCE % Historical Data

The historical data trend for Sylvania Platinum'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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Sylvania Platinum ROCE % Chart

Sylvania Platinum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.20

37.63

67.69

32.81

25.45

Sylvania Platinum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															28.31	36.43	34.06	16.12	6.63

Sylvania Platinum ROCE % Calculation

Sylvania Platinum's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	62.352	/	( ( (264.348 - 10.562)	+	(248.987 - 12.787) )	/ 2 )
	=	62.352	/	( (253.786	+	236.2)	/ 2 )
	=	62.352	/	244.993
	=	25.45 %

Sylvania Platinum'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	15.338	/	( ( (248.987 - 12.787)	+	(239.09 - 12.677) )	/ 2 )
	=	15.338	/	( ( 236.2	+	226.413 )	/ 2 )
	=	15.338	/	231.3065
	=	6.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Sylvania Platinum (FRA:31L) 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.

Sylvania Platinum ROCE % Related Terms

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Sylvania Platinum (FRA:31L) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sylvania Platinum Ltd (FRA:31L) » Definitions » ROCE %

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SAPLF:USA SLP:UK

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.sylvaniaplatinum.com

Sylvania Platinum Ltd is a South Africa-based company engaged in producing platinum group metals (PGM's) such as platinum, palladium, and rhodium. The company's core business is the retreatment of PGM rich chrome tailings material. Its operating segment includes Sylvania Dump Operations (SDO) and Exploration. It generates maximum revenue from the Sylvania Dump Operations (SDO) segment. Geographically, it derives revenue from South Africa. It also holds prospecting and mining rights for several PGM projects on the Northern Limb of the Bushveld Igneous Complex.

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