Symbol Mining (ASX:SL1) ROCE % : 0.00% (As of Jun. 2020)

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What is Symbol Mining 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. Symbol Mining's annualized ROCE % for the quarter that ended in Jun. 2020 was 0.00%.

Symbol Mining ROCE % Historical Data

The historical data trend for Symbol 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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Symbol Mining ROCE % Chart

Symbol Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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-80.29

-1,708.98

-123.95

-138.99

-546.50

Symbol Mining Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
ROCE %	Get a 7-Day Free Trial										-111.55	-146.72	-	-	-

Symbol Mining ROCE % Calculation

Symbol Mining's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	-5.976	/	( ( (11.505 - 8.248)	+	(0.022 - 1.092) )	/ 2 )
	=	-5.976	/	( (3.257	+	-1.07)	/ 2 )
	=	-5.976	/	1.0935
	=	-546.50 %

Symbol Mining's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	-0.012	/	( ( (0.022 - 1.092)	+	(0.07 - 1.187) )	/ 2 )
	=	-0.012	/	( ( -1.07	+	-1.117 )	/ 2 )
	=	-0.012	/	-1.0935
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

Symbol Mining (ASX:SL1) 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.

Symbol Mining ROCE % Related Terms

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Symbol Mining (ASX:SL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Symbol Mining Ltd (ASX:SL1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

331-335 Hay Street, Unit 6, Subiaco, WA, AUS, 6000

Website

http://www.symbolmining.com.au

Symbol Mining Ltd is a mineral exploration company. It is focused on the development and commercialization of high margin, high-grade base metals projects. The company's project profile includes Imperial Project and Tawny Project. The Imperial Project consists of three exploration licenses and three small-scale mining leases, covering approximately 510km2. The Tawny Project is located approximately 150km east/southeast of the capital Abuja in the state of Nasawarra.

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