GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rackla Metals Inc (TSXV:RAK) » Definitions » ROCE %

Rackla Metals (TSXV:RAK) ROCE % : 27.04% (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Rackla Metals 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. Rackla Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.04%.


Rackla Metals ROCE % Historical Data

The historical data trend for Rackla Metals'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.

* Premium members only.

Rackla Metals ROCE % Chart

Rackla Metals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -39.11 -75.70 -171.91

Rackla Metals 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.96 -135.63 -91.88 -472.39 27.04

Rackla Metals ROCE % Calculation

Rackla Metals'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 )
=-4.847/( ( (4.662 - 1.253) + (2.724 - 0.494) )/ 2 )
=-4.847/( (3.409+2.23)/ 2 )
=-4.847/2.8195
=-171.91 %

Rackla Metals'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 )
=0.688/( ( (3.894 - 1.035) + (2.724 - 0.494) )/ 2 )
=0.688/( ( 2.859 + 2.23 )/ 2 )
=0.688/2.5445
=27.04 %

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

* 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.


Rackla Metals  (TSXV:RAK) 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.


Rackla Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Rackla Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Rackla Metals (TSXV:RAK) Business Description

Traded in Other Exchanges
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Rackla Metals Inc is a Canada-based mineral exploration company engaged in the acquisition and exploration and evaluation activities. All of the company's operations are in Canada. It has an interest in the Rivier Property located in the Yukon Territory, Canada. Other projects include Tombstone Gold Belt Projects, Expo Property and Misisi Gold Project.

Rackla Metals (TSXV:RAK) Headlines

No Headlines