Endeavour Mining (TSX:EDV) ROCE %

: -4.37% (As of Dec. 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. Endeavour Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.37%.

Endeavour Mining ROCE % Historical Data

The historical data trend for Endeavour Mining'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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Endeavour Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.27

10.47

10.32

9.99

6.04

Endeavour Mining 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															4.95	5.31	12.15	10.79	-4.37

Endeavour Mining ROCE % Calculation

Endeavour Mining'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 )
	=	432.532	/	( ( (8714.37 - 1420.448)	+	(7859.764 - 822.937) )	/ 2 )
	=	432.532	/	( (7293.922	+	7036.827)	/ 2 )
	=	432.532	/	7165.3745
	=	6.04 %

Endeavour Mining'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 )
	=	-315.544	/	( ( (8077.872 - 681.556)	+	(7859.764 - 822.937) )	/ 2 )
	=	-315.544	/	( ( 7396.316	+	7036.827 )	/ 2 )
	=	-315.544	/	7216.5715
	=	-4.37 %

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

Endeavour Mining (TSX:EDV) 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.

Endeavour Mining ROCE % Related Terms

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Endeavour Mining (TSX:EDV) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Endeavour Mining PLC (TSX:EDV) » Definitions » ROCE %

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EDVMF:USA EDVl:UK EDV:UK 6E2:Germany

Address

5 Young Street, London, GBR, W8 5EH

Website

https://www.endeavourmining.com

Endeavour Mining PLC is a gold producer in West Africa. The Group operates in four principal countries, Burkina Faso (Hounde, Wahgnion, Mana and Boungou mines), Cote d'Ivoire (Ity mine, Lafigue project), Senegal (Sabodala-Massawa mine) and Mali (Kalana Project).

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