Sirius Minerals (Sirius Minerals) ROCE % : -0.52% (As of Jun. 2019)

View and export this data going back to 2010. Start your Free Trial

What is Sirius Minerals 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. Sirius Minerals's annualized ROCE % for the quarter that ended in Jun. 2019 was -0.52%.

Sirius Minerals ROCE % Historical Data

The historical data trend for Sirius Minerals'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.

* Premium members only.

Sirius Minerals ROCE % Chart

Sirius Minerals Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Dec16

Dec17

Dec18

ROCE %

Get a 7-Day Free Trial

-8.38

-6.55

-6.12

-15.40

-1.70

Sirius Minerals Semi-Annual Data
	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
ROCE %	Get a 7-Day Free Trial															-64.59	31.74	-38.80	26.21	-0.52

Sirius Minerals ROCE % Calculation

Sirius Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-14.304	/	( ( (1068.231 - 387.399)	+	(1304.304 - 306.329) )	/ 2 )
	=	-14.304	/	( (680.832	+	997.975)	/ 2 )
	=	-14.304	/	839.4035
	=	-1.70 %

Sirius Minerals's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Dec. 2018 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Dec. 2018 )		(Q: Jun. 2019 )
	=	-6.338	/	( ( (1304.304 - 306.329)	+	(2146.134 - 713.815) )	/ 2 )
	=	-6.338	/	( ( 997.975	+	1432.319 )	/ 2 )
	=	-6.338	/	1215.147
	=	-0.52 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2019) EBIT data.

Sirius Minerals (OTCPK:SRUXY) 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.

Sirius Minerals ROCE % Related Terms

Thank you for viewing the detailed overview of Sirius Minerals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sirius Minerals (Sirius Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sirius Minerals PLC (OTCPK:SRUXY) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

68 Haymarket, Third Floor, Greener House, London, GBR, SW1Y 4RF

Website

http://www.siriusminerals.com

Sirius Minerals PLC is a producer of multi-nutrient fertilizers. The company is currently organized into one business division: the UK segment. Under its UK segment, the firm conducts North Yorkshire polyhalite project related activities and the corporate operations. POLY4 is the trademark name of all polyhalite products from the company. The company operates its business mainly in the United Kingdom.

Sirius Minerals (Sirius Minerals) Headlines

From GuruFocus

Sirius Minerals: Financing will be a serious challenge

By Bronte Capital Bronte Capital • 07-02-2015