Sandfire Resources (FRA:S2Z) ROCE % : 5.30% (As of Jun. 2024)

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What is Sandfire 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. Sandfire Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.30%.

Sandfire Resources ROCE % Historical Data

The historical data trend for Sandfire 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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Sandfire Resources ROCE % Chart

Sandfire Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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15.37

30.54

12.70

-0.12

1.98

Sandfire Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															11.62	-0.04	-0.20	-1.26	5.30

Sandfire Resources ROCE % Calculation

Sandfire Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	50.87	/	( ( (2837.661 - 260.688)	+	(2784.025 - 211.469) )	/ 2 )
	=	50.87	/	( (2576.973	+	2572.556)	/ 2 )
	=	50.87	/	2574.7645
	=	1.98 %

Sandfire Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	134.058	/	( ( (2693.493 - 208.665)	+	(2784.025 - 211.469) )	/ 2 )
	=	134.058	/	( ( 2484.828	+	2572.556 )	/ 2 )
	=	134.058	/	2528.692
	=	5.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Sandfire Resources (FRA:S2Z) 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.

Sandfire Resources ROCE % Related Terms

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Sandfire Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandfire Resources Ltd (FRA:S2Z) » Definitions » ROCE %

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SFRRF:USA S2Z:Germany SFR:Australia

Address

10 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.sandfire.com.au

Sandfire Resources Ltd is a copper-focused mineral exploration and development company. The company's operating segment includes DeGrussa operations, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, Motheo Copper Operations, and Others. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Tenidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines and a 4.7Mtpa central processing facility. The mines generate revenue from the sale and delivery of copper, zinc, and lead concentrates to customers in Spain. Geographically the company generates the majority of its revenue from Spain.

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