Sable Exploration And Mining (JSE:SXM) ROCE %: -120.77% (As of Aug. 2024)


What is Sable Exploration And Mining ROCE %?

Sable Exploration And Mining JSE:SXM ROCE % is -120.77% as of Aug. 2024.

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. Sable Exploration And Mining's annualized ROCE % for the quarter that ended in Aug. 2024 was -120.77%.

Sable Exploration And Mining  (JSE:SXM) 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.

Sable Exploration And Mining ROCE % Related Terms

Sable Exploration And Mining ROCE % Historical Data

* Premium members only.

The historical data trend for Sable Exploration And Mining'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.

Sable Exploration And Mining ROCE % Chart

Sable Exploration And Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Sable Exploration And Mining Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 0.00 0.00 0.00 -531.83 -120.77

Sable Exploration And Mining ROCE % Calculation

Sable Exploration And Mining's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2024 )  (A: Feb. 2023 )(A: Feb. 2024 )
=-11.193/( ( (5.388 - 40.853) + (20.541 - 14.985) )/ 2 )
=-11.193/( (-35.465+5.556)/ 2 )
=-11.193/-14.9545
=74.85 %

Sable Exploration And Mining's ROCE % of for the quarter that ended in Aug. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Aug. 2024 )  (Q: Feb. 2024 )(Q: Aug. 2024 )
=-5.416/( ( (20.541 - 14.985) + (6.203 - 2.79) )/ 2 )
=-5.416/( ( 5.556 + 3.413 )/ 2 )
=-5.416/4.4845
=-120.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2024) 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 -120.77% mean?
Sable Exploration And Mining (JSE:SXM) has a ROCE % of -120.77% as of Aug. 2024.
Is Sable Exploration And Mining's ROCE % too high?
Sable Exploration And Mining's current ROCE % is -120.77%.
How does Sable Exploration And Mining's ROCE % compare to HL?
Sable Exploration And Mining's ROCE % of -120.77% 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. Sable Exploration And Mining's current ROCE % is -120.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sable Exploration And Mining stock overvalued right now?
Sable Exploration And Mining (JSE:SXM) has a current ROCE % of -120.77%. The current ROCE % is -120.77%. 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 Sable Exploration And Mining (JSE:SXM), the current ROCE % is -120.77% as of Aug. 2024. 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.

Sable Exploration And Mining Business Description

Address 31 Imala Road, Building 4, Chistlehurston, Sandton, GT, ZAF, 2192
Sable Exploration And Mining Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.