Strategic Minerals Europe (NEOE:SNTA) ROCE % : -78.10% (As of Mar. 2024)

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What is Strategic Minerals Europe 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. Strategic Minerals Europe's annualized ROCE % for the quarter that ended in Mar. 2024 was -78.10%.

Strategic Minerals Europe ROCE % Historical Data

The historical data trend for Strategic Minerals Europe'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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Strategic Minerals Europe ROCE % Chart

Strategic Minerals Europe Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-12.31

-10.53

-4.74

-102.70

Strategic Minerals Europe Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-19.16	1.70	-3.86	-405.99	-78.10

Strategic Minerals Europe ROCE % Calculation

Strategic Minerals Europe'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 )
	=	-21.5	/	( ( (39.709 - 7.381)	+	(18.817 - 9.276) )	/ 2 )
	=	-21.5	/	( (32.328	+	9.541)	/ 2 )
	=	-21.5	/	20.9345
	=	-102.70 %

Strategic Minerals Europe's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-6.404	/	( ( (18.817 - 9.276)	+	(16.782 - 9.923) )	/ 2 )
	=	-6.404	/	( ( 9.541	+	6.859 )	/ 2 )
	=	-6.404	/	8.2
	=	-78.10 %

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

Strategic Minerals Europe (NEOE:SNTA) 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.

Strategic Minerals Europe ROCE % Related Terms

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Strategic Minerals Europe (NEOE:SNTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strategic Minerals Europe Corp (NEOE:SNTA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SNTAF:USA

Address

Calle Nunez de Balboa 116, 3 0, Office 2B, Madrid, ESP, 28006

Website

https://www.strategicminerals.com

Strategic Minerals Europe Corp is engaged in the identification, exploration, and development of mineral resource properties in Spain. It holds permits and licenses related to two Spanish mining projects called the Alberta II project and the Penouta project.

Executives

Serafino Iacono

10% Security Holder

Strategic Minerals Europe (NEOE:SNTA) Headlines

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