Sandfire Resources America (STU:T1R) ROCE % : 0.00% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Sandfire Resources America 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. Sandfire Resources America's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Sandfire Resources America ROCE % Historical Data

The historical data trend for Sandfire Resources America'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.

* Premium members only.

Sandfire Resources America ROCE % Chart

Sandfire Resources America Annual Data

Trend

Sep14

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-163.90

-176.39

-96.09

-149.31

Sandfire Resources America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Sandfire Resources America ROCE % Calculation

Sandfire Resources America'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 )
	=	-7.391	/	( ( (15.226 - 11.736)	+	(15.703 - 19.407) )	/ 2 )
	=	-7.391	/	( (3.49	+	-3.704)	/ 2 )
	=	-7.391	/	-0.107
	=	6,907.48 %

Sandfire Resources America's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-11.088	/	( ( (16.311 - 23.744)	+	(17.284 - 28.373) )	/ 2 )
	=	-11.088	/	( ( -7.433	+	-11.089 )	/ 2 )
	=	-11.088	/	-9.261
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Sandfire Resources America (STU:T1R) 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.

Sandfire Resources America ROCE % Related Terms

Thank you for viewing the detailed overview of Sandfire Resources America's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sandfire Resources America (STU:T1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandfire Resources America Inc (STU:T1R) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SRAFF:USA SFR:Canada

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.sandfireamerica.com

Sandfire Resources America Inc is engaged in the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, USA. The property contains sediment-hosted zones of massive sulfide mineralization. The drilling encountered significant zones of strata-bound copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Super group. The Company's operations are limited to a single industry segment being the acquisition, exploration, and development of resource properties.

Sandfire Resources America (STU:T1R) Headlines

No Headlines