Summa Silver (TSXV:SSVR) ROCE % : -6.85% (As of Nov. 2024)

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What is Summa 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. Summa Silver's annualized ROCE % for the quarter that ended in Nov. 2024 was -6.85%.

Summa Silver ROCE % Historical Data

The historical data trend for Summa 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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Summa Silver ROCE % Chart

Summa Silver Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-13.38

-31.59

-14.79

-8.18

-7.00

Summa Silver Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-5.47	-10.10	-5.16	-6.10	-6.85

Summa Silver ROCE % Calculation

Summa Silver's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-2.994	/	( ( (42.126 - 0.279)	+	(43.85 - 0.104) )	/ 2 )
	=	-2.994	/	( (41.847	+	43.746)	/ 2 )
	=	-2.994	/	42.7965
	=	-7.00 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-3.216	/	( ( (43.85 - 0.104)	+	(50.35 - 0.188) )	/ 2 )
	=	-3.216	/	( ( 43.746	+	50.162 )	/ 2 )
	=	-3.216	/	46.954
	=	-6.85 %

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

Summa Silver (TSXV:SSVR) 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.

Summa Silver ROCE % Related Terms

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Summa Silver Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SSVRF:USA 48X:Germany

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.summasilver.com

Summa Silver Corp is a Canadian junior mineral exploration company. It owns interests in the Hughes project in central Nevada, and the Mogollon project in southwestern New Mexico, covering a wide range of silver-gold bearing epithermal vein fields. The company has three reportable operating segments, being that of acquisition and exploration and evaluation activities at the Hughes property in Nevada, the Mogollon property in New Mexico, and its corporate headquarters located in Canada.

Executives

Galen Stuart Mcnamara	10% Security Holder
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Allegiant Gold Ltd.	10% Security Holder
Thomas O'neill	Director

Summa Silver Headlines

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