Sailfish Royalty (Sailfish Royalty) ROCE %

: -1.53% (As of Sep. 2023)

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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. Sailfish Royalty's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.53%.

Sailfish Royalty ROCE % Historical Data

The historical data trend for Sailfish Royalty'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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Sailfish Royalty Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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33.35

-8.47

-7.17

6.87

-2.72

Sailfish Royalty Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-7.86	-3.58	-1.28	-5.99	-1.53

Sailfish Royalty ROCE % Calculation

Sailfish Royalty's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.202	/	( ( (48.447 - 1.347)	+	(42.467 - 1.186) )	/ 2 )
	=	-1.202	/	( (47.1	+	41.281)	/ 2 )
	=	-1.202	/	44.1905
	=	-2.72 %

Sailfish Royalty's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.624	/	( ( (41.376 - 1.225)	+	(42.781 - 1.269) )	/ 2 )
	=	-0.624	/	( ( 40.151	+	41.512 )	/ 2 )
	=	-0.624	/	40.8315
	=	-1.53 %

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

Sailfish Royalty (OTCPK:SROYF) 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.

Sailfish Royalty ROCE % Related Terms

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Sailfish Royalty (Sailfish Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sailfish Royalty Corp (OTCPK:SROYF) » Definitions » ROCE %

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FISH:Canada

Address

Sea Meadow House, PO Box 116, Tortola, Road Town, VGB, VG1110

Website

https://www.sailfishroyalty.com

Sailfish Royalty Corp is engaged in the acquisition of royalty and streaming agreements. The company's portfolio has two main assets on stage projects in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold project and a 2% NSR on the rest of the area surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the Spring Valley gold project in Pershing County, Nevada.