Southgobi Resources (Southgobi Resources) ROCE % : 0.00% (As of Dec. 2023)

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What is Southgobi 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. Southgobi Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Southgobi Resources ROCE % Historical Data

The historical data trend for Southgobi 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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Southgobi Resources ROCE % Chart

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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794.32

127.06

48.65

Southgobi 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															-	-	-	-	-

Southgobi Resources ROCE % Calculation

Southgobi 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 )
	=	81.196	/	( ( (181.359 - 232.16)	+	(295.738 - 334.17) )	/ 2 )
	=	81.196	/	( (-50.801	+	-38.432)	/ 2 )
	=	81.196	/	-44.6165
	=	-181.99 %

Southgobi 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 )
	=	169.368	/	( ( (244.505 - 316.48)	+	(295.738 - 334.17) )	/ 2 )
	=	169.368	/	( ( -71.975	+	-38.432 )	/ 2 )
	=	169.368	/	-55.2035
	=	0 %

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

Southgobi Resources (OTCPK:SGQRF) 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.

Southgobi Resources ROCE % Related Terms

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Southgobi Resources (Southgobi Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (OTCPK:SGQRF) » Definitions » ROCE %

Traded in Other Exchanges

01878:Hong Kong SGQ:Canada

Address

355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.