Silvercorp Metals (Silvercorp Metals) ROCE % : 11.92% (As of Dec. 2023)

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What is Silvercorp Metals 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. Silvercorp Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.92%.

Silvercorp Metals ROCE % Historical Data

The historical data trend for Silvercorp Metals'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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Silvercorp Metals ROCE % Chart

Silvercorp Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.24

11.56

13.42

8.88

5.40

Silvercorp Metals 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															11.17	2.67	12.42	11.96	11.92

Silvercorp Metals ROCE % Calculation

Silvercorp Metals's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	35.425	/	( ( (723.538 - 46.038)	+	(676.799 - 41.24) )	/ 2 )
	=	35.425	/	( (677.5	+	635.559)	/ 2 )
	=	35.425	/	656.5295
	=	5.40 %

Silvercorp Metals'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 )
	=	76.976	/	( ( (680.422 - 49.928)	+	(719.098 - 58.348) )	/ 2 )
	=	76.976	/	( ( 630.494	+	660.75 )	/ 2 )
	=	76.976	/	645.622
	=	11.92 %

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

Silvercorp Metals (AMEX:SVM) 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.

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Silvercorp Metals (Silvercorp Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silvercorp Metals Inc (AMEX:SVM) » Definitions » ROCE %

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S9Y:Germany SVM:Canada

Address

1066 West Hastings Street, Suite 1750, Vancouver, BC, CAN, V6E 3X1

Website

http://www.silvercorp.ca

Silvercorp Metals Inc is a mineral mining company. It acquires, explores, develops, and mines precious and base metal mineral properties at its producing mines and exploration and development projects in China. The group produces silver, gold, lead, and zinc. The company creates shareholder's value by focusing on generating free cash flow from long-life mines; organic growth through extensive drilling for discovery; equity investments in potential world-class opportunities; ongoing merger and acquisition efforts to unlock value; and long-term commitment to responsible mining and ESG.