Sparton Resources (TSXV:SRI) ROCE % : -44.18% (As of Dec. 2023)

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What is Sparton 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. Sparton Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -44.18%.

Sparton Resources ROCE % Historical Data

The historical data trend for Sparton 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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Sparton Resources ROCE % Chart

Sparton Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.73

-67.78

-29.20

-25.95

-21.74

Sparton Resources 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															-0.62	-30.32	2.28	-31.53	-44.18

Sparton Resources ROCE % Calculation

Sparton 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 )
	=	-0.326	/	( ( (1.943 - 0.615)	+	(2.236 - 0.565) )	/ 2 )
	=	-0.326	/	( (1.328	+	1.671)	/ 2 )
	=	-0.326	/	1.4995
	=	-21.74 %

Sparton Resources'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 )
	=	-0.636	/	( ( (2.021 - 0.813)	+	(2.236 - 0.565) )	/ 2 )
	=	-0.636	/	( ( 1.208	+	1.671 )	/ 2 )
	=	-0.636	/	1.4395
	=	-44.18 %

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

Sparton Resources (TSXV:SRI) 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.

Sparton Resources ROCE % Related Terms

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Sparton Resources (TSXV:SRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sparton Resources Inc (TSXV:SRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPNRF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

http://www.spartonres.ca

Sparton Resources Inc is an exploration and development stage company and has interests in exploration and evaluation properties in Canada and China. It focuses on financing exploration for several resource projects and seeking new business for the drilling operation. Through its subsidiaries, it is also into the development of the vanadium redox flow battery. The company's other properties include Bruell Gold Property and Sir Harry Oakes Gold Property in Canada.

Executives

Yongbiao Ding

Senior Officer