Sherritt International (Sherritt International) ROCE % : -15.71% (As of Dec. 2023)

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What is Sherritt International 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. Sherritt International's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.71%.

Sherritt International ROCE % Historical Data

The historical data trend for Sherritt International'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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Sherritt International ROCE % Chart

Sherritt International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.53

-2.36

2.72

8.99

-2.34

Sherritt International 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															1.89	7.43	3.24	-4.88	-15.71

Sherritt International ROCE % Calculation

Sherritt International'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 )
	=	-19.827	/	( ( (1145.086 - 270.593)	+	(1036.524 - 214.147) )	/ 2 )
	=	-19.827	/	( (874.493	+	822.377)	/ 2 )
	=	-19.827	/	848.435
	=	-2.34 %

Sherritt International'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 )
	=	-131.188	/	( ( (1024.315 - 176.336)	+	(1036.524 - 214.147) )	/ 2 )
	=	-131.188	/	( ( 847.979	+	822.377 )	/ 2 )
	=	-131.188	/	835.178
	=	-15.71 %

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

Sherritt International (OTCPK:SHERF) 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.

Sherritt International ROCE % Related Terms

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Sherritt International (Sherritt International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sherritt International Corp (OTCPK:SHERF) » Definitions » ROCE %

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HRT:Germany S:Canada

Address

22 Adelaide Street West, Suite 4220, Toronto, ON, CAN, M5H 4E3

Website

https://www.sherritt.com

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture's nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.