Southern Empire Resources (FRA:5RE) ROCE % : -5.69% (As of Jul. 2024)

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What is Southern Empire Resources 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 Empire Resources's annualized ROCE % for the quarter that ended in Jul. 2024 was -5.69%.

Southern Empire Resources ROCE % Historical Data

The historical data trend for Southern Empire Resources'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 Empire Resources ROCE % Chart

Southern Empire Resources Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-55.08

-27.38

-9.18

-6.83

Southern Empire Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-5.87	-12.24	-6.37	-6.62	-5.69

Southern Empire Resources ROCE % Calculation

Southern Empire Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.652	/	( ( (11.58 - 0.386)	+	(8.473 - 0.587) )	/ 2 )
	=	-0.652	/	( (11.194	+	7.886)	/ 2 )
	=	-0.652	/	9.54
	=	-6.83 %

Southern Empire Resources's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.424	/	( ( (8.355 - 0.814)	+	(8.316 - 0.964) )	/ 2 )
	=	-0.424	/	( ( 7.541	+	7.352 )	/ 2 )
	=	-0.424	/	7.4465
	=	-5.69 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

Southern Empire Resources (FRA:5RE) 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 Empire Resources ROCE % Related Terms

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Southern Empire Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Empire Resources Corp (FRA:5RE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SMP:Canada

Address

789 West Pender Street, Suite 420, Vancouver, BC, CAN, V6C 1H2

Website

https://www.smp.gold

Southern Empire Resources Corp is a Canadian mining exploration company focused on expanding and developing known high-grade oxide gold deposits at its two properties in the southwestern USA namely Oro Cruz and Eastgate. It also holds an interest in the Pedro Gold Project.

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