First Tin (LSE:1SN) ROCE % : -4.29% (As of Dec. 2023)

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What is First Tin 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. First Tin's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.29%.

First Tin ROCE % Historical Data

The historical data trend for First Tin'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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First Tin ROCE % Chart

First Tin Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-149.68

-41.20

-25.39

-13.13

-5.59

First Tin Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-6.12	-16.73	-5.35	-6.96	-4.29

First Tin ROCE % Calculation

First Tin'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 )
	=	-2.255	/	( ( (43.589 - 1.805)	+	(40.495 - 1.528) )	/ 2 )
	=	-2.255	/	( (41.784	+	38.967)	/ 2 )
	=	-2.255	/	40.3755
	=	-5.59 %

First Tin'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.684	/	( ( (40.881 - 1.373)	+	(40.495 - 1.528) )	/ 2 )
	=	-1.684	/	( ( 39.508	+	38.967 )	/ 2 )
	=	-1.684	/	39.2375
	=	-4.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

First Tin (LSE:1SN) 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.

First Tin ROCE % Related Terms

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First Tin (LSE:1SN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Tin PLC (LSE:1SN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1SN:Germany

Address

47-48 Piccadilly, First Floor, London, GBR, W1J 0DT

Website

https://www.firsttin.com

First Tin PLC is engaged in developing advanced hard rock tin projects in Germany & Australia with an ambition to follow these streams of the critical mineral into the electric vehicle, renewable energy, and semiconductor supply chain. The company's projects include Tellerhauser Project, Taronga Project, Gottesberg Project, and Auersberg Project.

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