Sail Mining Group (JSE:SGP) ROC %: -31.63% (As of Aug. 2021)


What is Sail Mining Group ROC %?

Sail Mining Group JSE:SGP ROC % is -31.63% as of Aug. 2021.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Sail Mining Group's annualized return on capital (ROC %) for the quarter that ended in Aug. 2021 was -31.63%.

As of today (2026-06-26), Sail Mining Group's WACC % is 0.00%. Sail Mining Group's ROC % is 0.00% (calculated using TTM income statement data). Sail Mining Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Sail Mining Group  (JSE:SGP) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Sail Mining Group's WACC % is 0.00%. Sail Mining Group's ROC % is 0.00% (calculated using TTM income statement data). Sail Mining Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Sail Mining Group ROC % Related Terms

Sail Mining Group ROC % Historical Data

* Premium members only.

The historical data trend for Sail Mining Group's ROC % 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.

Sail Mining Group ROC % Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.25 -0.24 0.47 -1.80 -15.34

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.30 -1.10 -9.78 -19.72 -31.63

Sail Mining Group ROC % Calculation

Sail Mining Group's annualized Return on Capital (ROC %) for the fiscal year that ended in Feb. 2021 is calculated as:

ROC % (A: Feb. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Feb. 2020 ) + Invested Capital (A: Feb. 2021 ))/ count )
=-340.981 * ( 1 - 25.64% )/( (1640.434 + 1665.989)/ 2 )
=-253.5534716/1653.2115
=-15.34 %

where

Invested Capital(A: Feb. 2020 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1808.276 - 618.082 - ( 7.864 - max(0, 1043.901 - 593.661+7.864))
=1640.434

Invested Capital(A: Feb. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1601.418 - 475.728 - ( 0.145 - max(0, 994.107 - 453.808+0.145))
=1665.989

Sail Mining Group's annualized Return on Capital (ROC %) for the quarter that ended in Aug. 2021 is calculated as:

ROC % (Q: Aug. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2021 ) + Invested Capital (Q: Aug. 2021 ))/ count )
=-588.554 * ( 1 - 10.86% )/( (1665.989 + 1651.316)/ 2 )
=-524.6370356/1658.6525
=-31.63 %

where

Invested Capital(Q: Feb. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1601.418 - 475.728 - ( 0.145 - max(0, 994.107 - 453.808+0.145))
=1665.989

Invested Capital(Q: Aug. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1203.237 - 474.232 - ( 4.035 - max(0, 1214.533 - 292.222+4.035))
=1651.316

Note: The Operating Income data used here is two times the semi-annual (Aug. 2021) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -31.63% mean?
Sail Mining Group (JSE:SGP) has a ROC % of -31.63% as of Aug. 2021. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's ROC % too high?
Sail Mining Group's current ROC % is -31.63%.
How does Sail Mining Group's ROC % compare to BHPBF?
Sail Mining Group's ROC % of -31.63% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Sail Mining Group and its competitors. Sail Mining Group's current ROC % is -31.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current ROC % of -31.63%. The current ROC % is -31.63%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current ROC % is -31.63% as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.