Sulliden Mining Capital (Sulliden Mining Capital) ROIC % : -993.36% (As of Apr. 2024)

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What is Sulliden Mining Capital ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Sulliden Mining Capital's annualized return on invested capital (ROIC %) for the quarter that ended in Apr. 2024 was -993.36%.

As of today (2024-06-22), Sulliden Mining Capital's WACC % is 21.06%. Sulliden Mining Capital's ROIC % is -1508.17% (calculated using TTM income statement data). Sulliden Mining Capital earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Sulliden Mining Capital ROIC % Historical Data

The historical data trend for Sulliden Mining Capital's ROIC % 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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Sulliden Mining Capital ROIC % Chart

Sulliden Mining Capital Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROIC %

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-16.04

-487.23

-599.13

-4,290.81

-795.12

Sulliden Mining Capital Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROIC %	Get a 7-Day Free Trial															-	-1,165.22	-2,153.85	-2,005.85	-993.36

Competitive Comparison of Sulliden Mining Capital's ROIC %

For the Other Industrial Metals & Mining subindustry, Sulliden Mining Capital's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sulliden Mining Capital's ROIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sulliden Mining Capital's ROIC % distribution charts can be found below:

* The bar in red indicates where Sulliden Mining Capital's ROIC % falls into.

Sulliden Mining Capital ROIC % Calculation

Sulliden Mining Capital's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Jul. 2023 is calculated as:

	ROIC % (A: Jul. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Jul. 2022 )	+	Invested Capital (A: Jul. 2023 ))	/ count )
=	-1.467 * ( 1 - 0% )	/	( (0.3	+	0.069)	/ 2 )
=	-1.467	/	0.1845
=	-795.12 %

where

	Invested Capital		(A: Jul. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	7.041	-	0.401	-	( 6.34	-	max(0, 0.556	-	7.041	+	6.34	))
=	0.3

	Invested Capital		(A: Jul. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2.627	-	0.509	-	( 2.539	-	max(0, 0.578	-	2.627	+	2.539	))
=	0.069

Sulliden Mining Capital's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Apr. 2024 is calculated as:

	ROIC % (Q: Apr. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2024 )	+	Invested Capital (Q: Apr. 2024 ))	/ count )
=	-1.048 * ( 1 - 0% )	/	( (0.105	+	0.106)	/ 2 )
=	-1.048	/	0.1055
=	-993.36 %

where

	Invested Capital		(Q: Jan. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2.178	-	0.915	-	( 1.809	-	max(0, 1.02	-	2.178	+	1.809	))
=	0.105

	Invested Capital		(Q: Apr. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1.979	-	1.117	-	( 1.727	-	max(0, 1.223	-	1.979	+	1.727	))
=	0.106

Note: The Operating Income data used here is four times the quarterly (Apr. 2024) data.

Sulliden Mining Capital (OTCPK:SULMF) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Sulliden Mining Capital's WACC % is 21.06%. Sulliden Mining Capital's ROIC % is -1508.17% (calculated using TTM income statement data).

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Sulliden Mining Capital ROIC % Related Terms

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Sulliden Mining Capital (Sulliden Mining Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sulliden Mining Capital Inc (OTCPK:SULMF) » Definitions » ROIC %

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Traded in Other Exchanges

14S:Germany SMC:Canada

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

http://www.sulliden.com

Sulliden Mining Capital Inc is engaged in the business of mineral exploration. It holds mineral exploration interests in the East Sullivan property in Quebec, mineral exploration interests in the Salt Cay property in Peru and Uranium exploration interests in the Proterozoic Otish property in Quebec and various investments in public and private entities.