Sabina Gold & Silver (TSX:SBB) ROCE % : -0.71% (As of Dec. 2022)

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What is Sabina Gold & Silver 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. Sabina Gold & Silver's annualized ROCE % for the quarter that ended in Dec. 2022 was -0.71%.

Sabina Gold & Silver ROCE % Historical Data

The historical data trend for Sabina Gold & Silver'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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Sabina Gold & Silver ROCE % Chart

Sabina Gold & Silver Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-1.69

-1.16

-0.41

-0.69

-1.91

Sabina Gold & Silver Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															2.56	-2.31	31.53	-1.54	-0.71

Sabina Gold & Silver ROCE % Calculation

Sabina Gold & Silver'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 )
	=	-14.789	/	( ( (643.977 - 41.046)	+	(1010.702 - 61.775) )	/ 2 )
	=	-14.789	/	( (602.931	+	948.927)	/ 2 )
	=	-14.789	/	775.929
	=	-1.91 %

Sabina Gold & Silver's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-6.58	/	( ( (968.513 - 57.575)	+	(1010.702 - 61.775) )	/ 2 )
	=	-6.58	/	( ( 910.938	+	948.927 )	/ 2 )
	=	-6.58	/	929.9325
	=	-0.71 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Sabina Gold & Silver (TSX:SBB) 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.

Sabina Gold & Silver ROCE % Related Terms

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Sabina Gold & Silver (TSX:SBB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sabina Gold & Silver Corp (TSX:SBB) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

555 Burrard Street, Suite 1800, Box 220, Bentall Two, Vancouver, BC, CAN, V7X 1M7

Website

https://www.sabinagoldsilver.com

Sabina Gold & Silver Corp is a precious metal mining company engaged in exploring and developing mineral properties. The company's current portfolio includes various properties in Canada at different stages of development. Its projects include Back River Gold Project and Goose gold project among others.