Southern Cross Gold (ASX:SXG) ROCE % : -29.05% (As of Nov. 2023)

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What is Southern Cross 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. Southern Cross Gold's annualized ROCE % for the quarter that ended in Nov. 2023 was -29.05%.

Southern Cross Gold ROCE % Historical Data

The historical data trend for Southern Cross 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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Southern Cross Gold ROCE % Chart

Southern Cross Gold Annual Data

Trend

May23

May24

ROCE %

-12.60

-22.62

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23	May24
ROCE %	-	-6.16	-19.83	-29.05	-20.50

Southern Cross Gold ROCE % Calculation

Southern Cross Gold's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	-7.945	/	( ( (32.758 - 1.399)	+	(40.351 - 1.459) )	/ 2 )
	=	-7.945	/	( (31.359	+	38.892)	/ 2 )
	=	-7.945	/	35.1255
	=	-22.62 %

Southern Cross Gold's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: May. 2023 )		(Q: Nov. 2023 )
	=	-8.864	/	( ( (32.758 - 1.399)	+	(30.931 - 1.262) )	/ 2 )
	=	-8.864	/	( ( 31.359	+	29.669 )	/ 2 )
	=	-8.864	/	30.514
	=	-29.05 %

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

Southern Cross Gold (ASX:SXG) 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.

Southern Cross Gold ROCE % Related Terms

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Southern Cross Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SXGDF:USA

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Redcastle, and Mt Isa.

Southern Cross Gold Headlines

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