Fortuna Silver Mines (Fortuna Silver Mines) ROCE % : -14.37% (As of Dec. 2023)

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What is Fortuna Silver Mines 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. Fortuna Silver Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.37%.

Fortuna Silver Mines ROCE % Historical Data

The historical data trend for Fortuna Silver Mines'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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Fortuna Silver Mines ROCE % Chart

Fortuna Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.78

6.78

8.51

-6.33

0.64

Fortuna Silver Mines 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															-38.07	5.06	1.74	9.75	-14.37

Fortuna Silver Mines ROCE % Calculation

Fortuna Silver Mines'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 )
	=	11.101	/	( ( (1876.224 - 135.08)	+	(1967.863 - 243.77) )	/ 2 )
	=	11.101	/	( (1741.144	+	1724.093)	/ 2 )
	=	11.101	/	1732.6185
	=	0.64 %

Fortuna Silver Mines'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 )
	=	-259.672	/	( ( (2046.586 - 155.835)	+	(1967.863 - 243.77) )	/ 2 )
	=	-259.672	/	( ( 1890.751	+	1724.093 )	/ 2 )
	=	-259.672	/	1807.422
	=	-14.37 %

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

Fortuna Silver Mines (NYSE:FSM) 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.

Fortuna Silver Mines ROCE % Related Terms

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Fortuna Silver Mines (Fortuna Silver Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Silver Mines Inc (NYSE:FSM) » Definitions » ROCE %

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Traded in Other Exchanges

F4S:Germany F4S:Germany FVI:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunasilver.com

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.