Sinovus Mining (ASX:SNV) ROCE %: 15.15% (As of Dec. 2015)


What is Sinovus Mining ROCE %?

Sinovus Mining ASX:SNV ROCE % is 15.15% as of Dec. 2015. The stock has 4 warning signs investors should review.

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. Sinovus Mining's annualized ROCE % for the quarter that ended in Dec. 2015 was 15.15%.

Sinovus Mining  (ASX:SNV) 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.

Sinovus Mining ROCE % Related Terms

Sinovus Mining ROCE % Historical Data

* Premium members only.

The historical data trend for Sinovus 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.

Sinovus Mining ROCE % Chart

Sinovus Mining Annual Data
Trend Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
ROCE %
Get a 7-Day Free Trial Premium Member Only -152.38 -7.61 -10.19 -31.92 -6.94

Sinovus Mining Semi-Annual Data
Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
ROCE % 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 -25.45 -32.03 -32.25 15.15 -33.46

Sinovus Mining ROCE % Calculation

Sinovus Mining's annualized ROCE % for the fiscal year that ended in Jun. 2016 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2016 )  (A: Jun. 2015 )(A: Jun. 2016 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2016 )  (A: Jun. 2015 )(A: Jun. 2016 )
=-0.081/( ( (1.888 - 0.519) + (1.898 - 0.934) )/ 2 )
=-0.081/( (1.369+0.964)/ 2 )
=-0.081/1.1665
=-6.94 %

Sinovus Mining's ROCE % of for the quarter that ended in Dec. 2015 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2015 )  (Q: Jun. 2015 )(Q: Dec. 2015 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2015 )  (Q: Jun. 2015 )(Q: Dec. 2015 )
=0.19/( ( (1.888 - 0.519) + (1.877 - 0.737) )/ 2 )
=0.19/( ( 1.369 + 1.14 )/ 2 )
=0.19/1.2545
=15.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2015) EBIT data.

* 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 ROCE % →
What does a ROCE % of 15.15% mean?
Sinovus Mining (ASX:SNV) has a ROCE % of 15.15% as of Dec. 2015.
Is Sinovus Mining's ROCE % too high?
Sinovus Mining's current ROCE % is 15.15%.
How does Sinovus Mining's ROCE % compare to competitors?
Sinovus Mining's ROCE % of 15.15% 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 ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Sinovus Mining's current ROCE % is 15.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinovus Mining stock overvalued right now?
Sinovus Mining (ASX:SNV) has a current ROCE % of 15.15%. The current ROCE % is 15.15%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Sinovus Mining (ASX:SNV), the current ROCE % is 15.15% as of Dec. 2015. 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.

Sinovus Mining Business Description

Address 32 Martin Place, Level 10, Sydney, NSW, AUS, 2000
Sinovus Mining Ltd is a mineral resource company. It engaged in developing its gold assets in the Heilongjiang region of north-eastern China. The Company's main projects include: Xiangguang Silver Project, Laogouxi Gold Project, YangShan Coal Mine and Paltar Petroleum Limited.