Sail Mining Group (JSE:SGP) ROCE %: -263.63% (As of Aug. 2021)


What is Sail Mining Group ROCE %?

Sail Mining Group JSE:SGP ROCE % is -263.63% as of Aug. 2021.

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. Sail Mining Group's annualized ROCE % for the quarter that ended in Aug. 2021 was -263.63%.

Sail Mining Group  (JSE:SGP) 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.

Sail Mining Group ROCE % Related Terms

Sail Mining Group ROCE % Historical Data

* Premium members only.

The historical data trend for Sail Mining Group'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.

Sail Mining Group ROCE % Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.92 -19.94 -10.54 -11.48 -39.33

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.35 -19.11 -38.91 -45.47 -263.63

Sail Mining Group ROCE % Calculation

Sail Mining Group's annualized ROCE % for the fiscal year that ended in Feb. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2021 )  (A: Feb. 2020 )(A: Feb. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2021 )  (A: Feb. 2020 )(A: Feb. 2021 )
=-269.753/( ( (1808.276 - 1043.901) + (1601.418 - 994.107) )/ 2 )
=-269.753/( (764.375+607.311)/ 2 )
=-269.753/685.843
=-39.33 %

Sail Mining Group's ROCE % of for the quarter that ended in Aug. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Aug. 2021 )  (Q: Feb. 2021 )(Q: Aug. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Aug. 2021 )  (Q: Feb. 2021 )(Q: Aug. 2021 )
=-785.646/( ( (1601.418 - 994.107) + (1203.237 - 1214.533) )/ 2 )
=-785.646/( ( 607.311 + -11.296 )/ 2 )
=-785.646/298.0075
=-263.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2021) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -263.63% mean?
Sail Mining Group (JSE:SGP) has a ROCE % of -263.63% as of Aug. 2021.
Is Sail Mining Group's ROCE % too high?
Sail Mining Group's current ROCE % is -263.63%.
How does Sail Mining Group's ROCE % compare to BHPBF?
Sail Mining Group's ROCE % of -263.63% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Sail Mining Group's current ROCE % is -263.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current ROCE % of -263.63%. The current ROCE % is -263.63%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current ROCE % is -263.63% as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.