Fresnillo (LSE:FRES) ROCE % : 18.22% (As of Dec. 2024)

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What is Fresnillo 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. Fresnillo's annualized ROCE % for the quarter that ended in Dec. 2024 was 18.22%.

Fresnillo ROCE % Historical Data

The historical data trend for Fresnillo'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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Fresnillo ROCE % Chart

Fresnillo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.50

12.72

6.50

3.68

14.98

Fresnillo Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															5.39	3.34	4.06	11.55	18.22

Fresnillo ROCE % Calculation

Fresnillo's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	644.126	/	( ( (4532.709 - 293.899)	+	(4651.442 - 291.551) )	/ 2 )
	=	644.126	/	( (4238.81	+	4359.891)	/ 2 )
	=	644.126	/	4299.3505
	=	14.98 %

Fresnillo's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	790.87	/	( ( (4560.378 - 238.023)	+	(4651.442 - 291.551) )	/ 2 )
	=	790.87	/	( ( 4322.355	+	4359.891 )	/ 2 )
	=	790.87	/	4341.123
	=	18.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Fresnillo (LSE:FRES) 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.

Fresnillo ROCE % Related Terms

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Fresnillo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fresnillo PLC (LSE:FRES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FNLPF:USA FRES:Mexico FRESl:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a company that specializes in silver mining and is the world's largest gold producer. They have six mines that are divided into seven operating segments. The Fresnillo, Juanicipio, and Saucito mines are some of the world's largest underground silver mines and are located in Zacatecas state. The Cirnega mine, an underground gold mine, is in Durango state. The San Julian mine is an underground silver-gold mine located on the border of Durango states. The Herradura, Soledad-Dipolos, and Noche Buena are open-pit gold mines located in Sonora state. Herradura and Saucito mines generate more than half of the group's revenue.

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