Hecla Mining Co (Hecla Mining Co) ROCE % : -5.15% (As of Dec. 2023)

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What is Hecla Mining Co 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. Hecla Mining Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.15%.

Hecla Mining Co ROCE % Historical Data

The historical data trend for Hecla Mining Co'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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Hecla Mining Co ROCE % Chart

Hecla Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.55

1.90

1.85

-0.08

-1.42

Hecla Mining Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.38	1.49	-0.03	-1.88	-5.15

Hecla Mining Co ROCE % Calculation

Hecla Mining Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-39.676	/	( ( (2927.172 - 178.466)	+	(3011.104 - 157.46) )	/ 2 )
	=	-39.676	/	( (2748.706	+	2853.644)	/ 2 )
	=	-39.676	/	2801.175
	=	-1.42 %

Hecla Mining Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-145.936	/	( ( (2961.156 - 145.371)	+	(3011.104 - 157.46) )	/ 2 )
	=	-145.936	/	( ( 2815.785	+	2853.644 )	/ 2 )
	=	-145.936	/	2834.7145
	=	-5.15 %

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

Hecla Mining Co (NYSE:HLpB.PFD) 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.

Hecla Mining Co ROCE % Related Terms

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Hecla Mining Co (Hecla Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hecla Mining Co (NYSE:HLpB.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HL:USA 1HL:Italy HCL:Germany HL:Argentina

Address

6500 North Mineral Drive, Suite 200, Coeur d'Alene, ID, USA, 83815-9408

Website

https://www.hecla.com

Hecla Mining Co produces and explores silver, gold, lead, and zinc. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations. It generates maximum revenue from the Greens Creek segment. Geographically, it derives a majority of its revenue from Canada.