MAG Silver (TSX:MAG) ROCE % : 16.51% (As of Sep. 2024)

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What is MAG 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. MAG Silver's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.51%.

MAG Silver ROCE % Historical Data

The historical data trend for MAG 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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MAG Silver ROCE % Chart

MAG Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.11

-3.33

-3.31

-3.33

-3.08

MAG Silver Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.12	-38.86	-3.36	17.00	16.51

MAG Silver ROCE % Calculation

MAG 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 )
	=	-19.112	/	( ( (554.036 - 3.618)	+	(698.343 - 6.428) )	/ 2 )
	=	-19.112	/	( (550.418	+	691.915)	/ 2 )
	=	-19.112	/	621.1665
	=	-3.08 %

MAG Silver's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	128.488	/	( ( (770.226 - 4.89)	+	(795.968 - 4.881) )	/ 2 )
	=	128.488	/	( ( 765.336	+	791.087 )	/ 2 )
	=	128.488	/	778.2115
	=	16.51 %

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

MAG Silver (TSX:MAG) 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.

MAG Silver ROCE % Related Terms

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MAG Silver Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MAG:USA 0V56:UK MQ8:Germany

Address

800 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 2V6

Website

https://www.magsilver.com

MAG Silver Corp is a Canadian mining company. It is focused on advancing high-grade, district-scale precious metals projects in the Americas. The Company's principal asset is in the Juanicipio Mine located in Zacatecas, Mexico, which achieved commercial production of around 4,000 tonnes per day. The company has also Interest in the Larder project. Also, MAG has an expanded exploration program targeting multiple prospective targets at both Juanicipio and the Deer Trail 100% earn-in project in Utah. The Juanicipio Mine recognizes revenue for silver, gold, lead, and zinc from concentrate sales.

Executives

George Nickolas Paspalas	Director, Senior Officer
Thomas Peregoodoff	Director
Michael John Curlook	Senior Officer
Peter Megaw	Senior Officer
Daniel Thomas Macinnis	Director
Larry Taddei	Senior Officer
Dale Canfield Peniuk	Director
William James Mallory	Senior Officer
Selma Lussenburg	Director
The K2 Principal Fund L.p.	10% Security Holder
Ingrid Jo-ann Hibbard	Director
Richard Peter Clark	Director
Noëlle Drapeau	Director, Senior Officer
Darren Hartley Bondar	Director, Senior Officer
Zula Kropivnitski	Director