Avino Silver & Gold Mines (LTS:0XGF) ROCE % : 9.57% (As of Sep. 2024)

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What is Avino Silver & Gold Mines 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. Avino Silver & Gold Mines's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.57%.

Avino Silver & Gold Mines ROCE % Historical Data

The historical data trend for Avino Silver & Gold Mines'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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Avino Silver & Gold Mines ROCE % Chart

Avino Silver & Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.55

-13.79

-2.18

8.54

-0.12

Avino Silver & Gold Mines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.23	1.92	2.81	9.06	9.57

Avino Silver & Gold Mines ROCE % Calculation

Avino Silver & Gold Mines'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 )
	=	-0.173	/	( ( (164.645 - 22.774)	+	(172.181 - 18.525) )	/ 2 )
	=	-0.173	/	( (141.871	+	153.656)	/ 2 )
	=	-0.173	/	147.7635
	=	-0.12 %

Avino Silver & Gold Mines's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	15.984	/	( ( (183.239 - 16.761)	+	(183.367 - 15.833) )	/ 2 )
	=	15.984	/	( ( 166.478	+	167.534 )	/ 2 )
	=	15.984	/	167.006
	=	9.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Avino Silver & Gold Mines (LTS:0XGF) 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.

Avino Silver & Gold Mines ROCE % Related Terms

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Avino Silver & Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avino Silver & Gold Mines Ltd (LTS:0XGF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

570 Granville Street, Suite 900, Vancouver, BC, CAN, V6C 3P1

Website

https://www.avino.com

Avino Silver & Gold Mines Ltd is a mineral resource company. It is engaged in the exploration, extraction, and processing of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The company generates majority of its revenues through the sale of Copper produced from its mines. Its project portfolio includes Avino; San Gonzalo; Oxide Tailings; Bralorne Gold and others.

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