Silvernds Resources (Silvernds Resources) ROCE % : -83.97% (As of Oct. 2023)

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What is Silvernds Resources 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. Silvernds Resources's annualized ROCE % for the quarter that ended in Oct. 2023 was -83.97%.

Silvernds Resources ROCE % Historical Data

The historical data trend for Silvernds Resources'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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Silvernds Resources ROCE % Chart

Silvernds Resources Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

-64.00

-196.76

-52.55

-16.86

-20.04

Silvernds Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-7.04	-12.75	-67.45	-77.90	-83.97

Silvernds Resources ROCE % Calculation

Silvernds Resources's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-0.495	/	( ( (4.273 - 0.023)	+	(0.752 - 0.063) )	/ 2 )
	=	-0.495	/	( (4.25	+	0.689)	/ 2 )
	=	-0.495	/	2.4695
	=	-20.04 %

Silvernds Resources's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.364	/	( ( (0.614 - 0.126)	+	(0.535 - 0.156) )	/ 2 )
	=	-0.364	/	( ( 0.488	+	0.379 )	/ 2 )
	=	-0.364	/	0.4335
	=	-83.97 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2023) EBIT data.

Silvernds Resources (OTCPK:SSRSF) 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.

Silvernds Resources ROCE % Related Terms

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Silvernds Resources (Silvernds Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Sands Resources Corp (OTCPK:SSRSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAND:Canada

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.silversandscorp.com

Silver Sands Resources Corp is a mining company. The Company's business activities include the acquisition and exploration of mineral property assets. The Virginia silver project is located in the southern region of Argentina known as Patagonia, in the mining-friendly and resource-rich province of Santa Cruz. The company's other projects include The Detour project is located in the Detour Greenstone Belt; and its Maple Bay property.

Silvernds Resources (Silvernds Resources) Headlines

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By [email protected] [email protected] • 02-05-2020