Saga Metals (TSXV:SAGA) ROCE % : -110.79% (As of Oct. 2024)

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What is Saga Metals 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. Saga Metals's annualized ROCE % for the quarter that ended in Oct. 2024 was -110.79%.

Saga Metals ROCE % Historical Data

The historical data trend for Saga Metals'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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Saga Metals ROCE % Chart

Saga Metals Annual Data

Trend

Jul23

Jul24

ROCE %

-13.62

-53.17

Saga Metals Quarterly Data
	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial			-34.86	-23.34	-114.57	-123.33	-110.79

Saga Metals ROCE % Calculation

Saga Metals's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-1.174	/	( ( (1.634 - 0.085)	+	(3.369 - 0.502) )	/ 2 )
	=	-1.174	/	( (1.549	+	2.867)	/ 2 )
	=	-1.174	/	2.208
	=	-53.17 %

Saga Metals's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-3.608	/	( ( (3.369 - 0.502)	+	(4.286 - 0.64) )	/ 2 )
	=	-3.608	/	( ( 2.867	+	3.646 )	/ 2 )
	=	-3.608	/	3.2565
	=	-110.79 %

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

Saga Metals (TSXV:SAGA) 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.

Saga Metals ROCE % Related Terms

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Saga Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saga Metals Corp (TSXV:SAGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

20H:Germany

Address

2288 - 1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.sagametals.com

Saga Metals Corp is a diversified critical mineral exploration company whose principal business is the acquisition and exploration of mineral assets that support the green energy transition. It has currently has interests in four mineral properties in Canada: Double Mer Property, a uranium exploration project, Legacy Lithium Property, a LCT spodumene pegmatite lithium exploration project, Radar Titanium-Vanadium Property, a titanium-vanadium layered mafic intrusion exploration project and North Wind Iron Project.