Sihayo Gold (ASX:SIH) ROCE % : 10.07% (As of Dec. 2023)

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What is Sihayo Gold 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. Sihayo Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.07%.

Sihayo Gold ROCE % Historical Data

The historical data trend for Sihayo Gold'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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Sihayo Gold ROCE % Chart

Sihayo Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-11.09

-14.45

-10.72

-139.53

-47.98

Sihayo Gold Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-135.97	-195.59	-101.56	-29.18	10.07

Sihayo Gold ROCE % Calculation

Sihayo Gold'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 )
	=	-8.893	/	( ( (17.723 - 1.768)	+	(32.866 - 11.754) )	/ 2 )
	=	-8.893	/	( (15.955	+	21.112)	/ 2 )
	=	-8.893	/	18.5335
	=	-47.98 %

Sihayo Gold'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.934	/	( ( (32.866 - 11.754)	+	(26.87 - 9.559) )	/ 2 )
	=	1.934	/	( ( 21.112	+	17.311 )	/ 2 )
	=	1.934	/	19.2115
	=	10.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Sihayo Gold (ASX:SIH) 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.

Sihayo Gold ROCE % Related Terms

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Sihayo Gold (ASX:SIH) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sihayo Gold Ltd (ASX:SIH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

245 Bay Street, Suite 1, Brighton, Melbourne, VIC, AUS, 3186

Website

https://www.sihayogold.com

Sihayo Gold Ltd is a mineral exploration company with gold exploration projects. It is focused on the development of the Sihayo Pungkut Gold project in North Sumatra, Indonesia and the Sihayo Gold project. The company classifies its business in the geographical segments that are Australia, South East Asia, and India of which South East Asia generates a majority of revenue to the company.

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