Skeena Resources (TSX:SKE) ROCE % : -124.60% (As of Sep. 2024)

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What is Skeena 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. Skeena Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -124.60%.

Skeena Resources ROCE % Historical Data

The historical data trend for Skeena 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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Skeena Resources ROCE % Chart

Skeena Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-142.34

-121.76

-106.67

-81.74

-73.24

Skeena Resources 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															-103.81	-87.74	-68.72	-75.69	-124.60

Skeena Resources ROCE % Calculation

Skeena Resources'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 )
	=	-116.034	/	( ( (167.98 - 20.885)	+	(194.987 - 25.235) )	/ 2 )
	=	-116.034	/	( (147.095	+	169.752)	/ 2 )
	=	-116.034	/	158.4235
	=	-73.24 %

Skeena Resources'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 )
	=	-237.044	/	( ( (248.435 - 45.863)	+	(227.06 - 49.139) )	/ 2 )
	=	-237.044	/	( ( 202.572	+	177.921 )	/ 2 )
	=	-237.044	/	190.2465
	=	-124.60 %

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

Skeena Resources (TSX:SKE) 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.

Skeena Resources ROCE % Related Terms

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Skeena Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Skeena Resources Ltd (TSX:SKE) » Definitions » ROCE %

Comparable Companies

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SKE:USA RXFB:Germany RXF:Germany

Address

1133 Melville Street, Suite 2600, Vancouver, BC, CAN, V6E 4E5

Website

https://www.skeenaresources.com

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company's primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.

Executives

Craig Andrew Parry	Director
Andrew Macritchie	Senior Officer
Justin Reed Himmelright	Senior Officer
Robert Jalun Kiesman	Senior Officer
Wilhelm K. T. Zours	10% Security Holder
Randy Reichert	Senior Officer
Paul Geddes	Senior Officer
Jr. Walter Coles	Director
Shane Williams	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Greg Beard	Director