Rugby Resources (Rugby Resources) ROCE % : -411.52% (As of Nov. 2023)

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What is Rugby 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. Rugby Resources's annualized ROCE % for the quarter that ended in Nov. 2023 was -411.52%.

Rugby Resources ROCE % Historical Data

The historical data trend for Rugby 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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Rugby Resources ROCE % Chart

Rugby Resources Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-464.97

-468.13

-261.09

-56.98

-268.99

Rugby Resources Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-767.46	-936.36	-3,192.08	-764.47	-411.52

Rugby Resources ROCE % Calculation

Rugby Resources's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-9.666	/	( ( (7.603 - 0.409)	+	(0.33 - 0.337) )	/ 2 )
	=	-9.666	/	( (7.194	+	-0.007)	/ 2 )
	=	-9.666	/	3.5935
	=	-268.99 %

Rugby Resources's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-2	/	( ( (0.621 - 0.132)	+	(0.645 - 0.162) )	/ 2 )
	=	-2	/	( ( 0.489	+	0.483 )	/ 2 )
	=	-2	/	0.486
	=	-411.52 %

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

Rugby Resources (OTCPK:RBMNF) 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.

Rugby Resources ROCE % Related Terms

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Rugby Resources (Rugby Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rugby Resources Ltd (OTCPK:RBMNF) » Definitions » ROCE %

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Traded in Other Exchanges

64O:Germany RUG:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.rugbyresourcesltd.com

Rugby Resources Ltd is an exploration-stage company. The company with its subsidiaries is engaged in the acquisition, exploration, and development of mineral properties located in Australia, Colombia, and the Philippines. Its activities are all in the one industry segment of mineral property acquisition, exploration and development. Some of the projects of the company are Cobrasco, Colombia Gold and many more.