Silver Bullet Mines (TSXV:SBMI) ROCE % : -179.37% (As of Dec. 2023)

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What is Silver Bullet Mines 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. Silver Bullet Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -179.37%.

Silver Bullet Mines ROCE % Historical Data

The historical data trend for Silver Bullet Mines'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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Silver Bullet Mines ROCE % Chart

Silver Bullet Mines Annual Data

Trend

Nov20

Jun21

Jun22

Jun23

ROCE %

-65.70

-148.99

-114.69

Silver Bullet Mines Quarterly Data
	Nov20	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-43.00	-92.67	-154.08	-45.05	-179.37

Silver Bullet Mines ROCE % Calculation

Silver Bullet Mines's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.65	/	( ( (3.62 - 0.264)	+	(3.155 - 1.89) )	/ 2 )
	=	-2.65	/	( (3.356	+	1.265)	/ 2 )
	=	-2.65	/	2.3105
	=	-114.69 %

Silver Bullet Mines'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 )
	=	-2.052	/	( ( (3.387 - 2.095)	+	(3.243 - 2.247) )	/ 2 )
	=	-2.052	/	( ( 1.292	+	0.996 )	/ 2 )
	=	-2.052	/	1.144
	=	-179.37 %

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

Silver Bullet Mines (TSXV:SBMI) 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.

Silver Bullet Mines ROCE % Related Terms

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Silver Bullet Mines (TSXV:SBMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Bullet Mines Corp (TSXV:SBMI) » Definitions » ROCE %

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SBMCF:USA

Address

3310 South Service Road, Suite 200, Burlington, ON, CAN, L7N 3M6

Website

https://www.silverbulletmines.com

Silver Bullet Mines Corp is engaged in the acquisition, exploration, development, and extraction of natural resources, specifically precious metals in Arizona, Idaho, and Nevada. The Company has exploration and evaluation properties located in two geographical areas, Canada and the United States of America. The projects of the company are Buckeye, McMorris, and Silver Sevens Mines, Arizona; Lone Mountain and Ophir Canyon Projects -Nevada -Gold; Washington Silver and Gold Mine, Idaho and Black Copper and Richmond (Richman) Basin Deposits -Arizona -Copper.

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