Superior Mining International (Superior Mining International) ROCE % : -4.58% (As of Jan. 2024)

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What is Superior Mining International 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. Superior Mining International's annualized ROCE % for the quarter that ended in Jan. 2024 was -4.58%.

Superior Mining International ROCE % Historical Data

The historical data trend for Superior Mining International'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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Superior Mining International ROCE % Chart

Superior Mining International Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-16.67

Superior Mining International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-5.96	-14.85	-50.92	-4.58

Superior Mining International ROCE % Calculation

Superior Mining International's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.161	/	( ( (0.015 - 0.202)	+	(2.474 - 0.355) )	/ 2 )
	=	-0.161	/	( (-0.187	+	2.119)	/ 2 )
	=	-0.161	/	0.966
	=	-16.67 %

Superior Mining International's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.136	/	( ( (2.527 - 0.451)	+	(4.319 - 0.45) )	/ 2 )
	=	-0.136	/	( ( 2.076	+	3.869 )	/ 2 )
	=	-0.136	/	2.9725
	=	-4.58 %

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

Superior Mining International (OTCPK:SUIFF) 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.

Superior Mining International ROCE % Related Terms

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Superior Mining International (Superior Mining International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Superior Mining International Corp (OTCPK:SUIFF) » Definitions » ROCE %

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SUI:Canada

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.superiormininginternational.com

Superior Mining International Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company's projects include Vieux Comptoir Property which is located in the James Bay region on Quebec.

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