Starcore International Mines (FRA:V4JA) ROCE % : -16.56% (As of Jan. 2023)

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What is Starcore International 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. Starcore International Mines's annualized ROCE % for the quarter that ended in Jan. 2023 was -16.56%.

Starcore International Mines ROCE % Historical Data

The historical data trend for Starcore International 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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Starcore International Mines ROCE % Chart

Starcore International Mines Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

ROCE %

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-24.80

-16.51

-3.78

3.44

6.48

Starcore International Mines Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
ROCE %	Get a 7-Day Free Trial															-4.08	20.05	-3.70	-11.54	-16.56

Starcore International Mines ROCE % Calculation

Starcore International Mines's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	2.098	/	( ( (31.095 - 1.78)	+	(38.161 - 2.759) )	/ 2 )
	=	2.098	/	( (29.315	+	35.402)	/ 2 )
	=	2.098	/	32.3585
	=	6.48 %

Starcore International Mines's ROCE % of for the quarter that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	-5.76	/	( ( (39.532 - 2.442)	+	(34.293 - 1.833) )	/ 2 )
	=	-5.76	/	( ( 37.09	+	32.46 )	/ 2 )
	=	-5.76	/	34.775
	=	-16.56 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2023) EBIT data.

Starcore International Mines (FRA:V4JA) 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.

Starcore International Mines ROCE % Related Terms

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Starcore International Mines (FRA:V4JA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starcore International Mines Ltd (FRA:V4JA) » Definitions » ROCE %

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SHVLF:USA SAM:Canada

Address

580 Hornby Street, Suite 750 Box 113, Vancouver, BC, CAN, V6C 3B6

Website

https://www.starcore.com

Starcore International Mines Ltd is in the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization's revenue comes from Bernal, Mexico.

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