SilverCrest Mines (FRA:CW5) ROCE % : 11.87% (As of Jun. 2015)

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What is SilverCrest Mines 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. SilverCrest Mines's annualized ROCE % for the quarter that ended in Jun. 2015 was 11.87%.

SilverCrest Mines ROCE % Historical Data

The historical data trend for SilverCrest Mines'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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SilverCrest Mines ROCE % Chart

SilverCrest Mines Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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-57.29

22.62

39.75

16.86

-0.13

SilverCrest Mines Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROCE %	Get a 7-Day Free Trial															2.71	1.36	-15.90	10.81	11.87

SilverCrest Mines ROCE % Calculation

SilverCrest Mines's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	-0.158	/	( ( (104.761 - 6.612)	+	(143.765 - 5.853) )	/ 2 )
	=	-0.158	/	( (98.149	+	137.912)	/ 2 )
	=	-0.158	/	118.0305
	=	-0.13 %

SilverCrest Mines's ROCE % of for the quarter that ended in Jun. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2015 )		(Q: Mar. 2015 )		(Q: Jun. 2015 )
	=	18.928	/	( ( (167.256 - 6.963)	+	(165.494 - 6.873) )	/ 2 )
	=	18.928	/	( ( 160.293	+	158.621 )	/ 2 )
	=	18.928	/	159.457
	=	11.87 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2015) EBIT data.

SilverCrest Mines (FRA:CW5) 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.

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SilverCrest Mines (FRA:CW5) Business Description

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http://www.silvercrestmines.com

SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).

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