First Majestic Silver (TSX:FR) ROCE % : 0.19% (As of Dec. 2023)

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What is First Majestic Silver 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. First Majestic Silver's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.19%.

First Majestic Silver ROCE % Historical Data

The historical data trend for First Majestic Silver'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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First Majestic Silver ROCE % Chart

First Majestic Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.96

3.97

2.45

-2.56

-9.45

First Majestic Silver Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.85	-30.36	-3.98	-4.22	0.19

First Majestic Silver ROCE % Calculation

First Majestic Silver'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 )
	=	-242.382	/	( ( (2866.447 - 227.412)	+	(2651.478 - 161.177) )	/ 2 )
	=	-242.382	/	( (2639.035	+	2490.301)	/ 2 )
	=	-242.382	/	2564.668
	=	-9.45 %

First Majestic Silver's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.756	/	( ( (2641.732 - 135.936)	+	(2651.478 - 161.177) )	/ 2 )
	=	4.756	/	( ( 2505.796	+	2490.301 )	/ 2 )
	=	4.756	/	2498.0485
	=	0.19 %

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

First Majestic Silver (TSX:FR) 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.

First Majestic Silver ROCE % Related Terms

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First Majestic Silver (TSX:FR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Majestic Silver Corp (TSX:FR) » Definitions » ROCE %

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AG:USA 0QYC:UK FMV:Germany

Address

925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2

Website

https://www.firstmajestic.com

First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns four producing mines, three mines in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine and the Jerritt Canyon Gold Mine in Nevada.