Rome Resources (FRA:33R) ROCE % : -10.36% (As of Dec. 2023)

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What is Rome 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. Rome Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.36%.

Rome Resources ROCE % Historical Data

The historical data trend for Rome 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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Rome Resources ROCE % Chart

Rome Resources Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep20

Sep21

Sep22

Sep23

ROCE %

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-2,519.05

-52.94

Rome Resources Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-19.48	-117.01	-24.83	-0.99	-10.36

Rome Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.005	/	( ( (0.568 - 0.123)	+	(4.002 - 0.65) )	/ 2 )
	=	-1.005	/	( (0.445	+	3.352)	/ 2 )
	=	-1.005	/	1.8985
	=	-52.94 %

Rome 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 )
	=	-0.58	/	( ( (4.002 - 0.65)	+	(8.856 - 1.01) )	/ 2 )
	=	-0.58	/	( ( 3.352	+	7.846 )	/ 2 )
	=	-0.58	/	5.599
	=	-10.36 %

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

Rome Resources (FRA:33R) 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.

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Rome Resources (FRA:33R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rome Resources Ltd (FRA:33R) » Definitions » ROCE %

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RMR:Canada

Address

688 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6B 1P1

Website

https://www.romeresources.com

Rome Resources Ltd engages in the acquisition, exploration, and evaluation of mineral properties. The company has entered into option agreements on two contiguous properties located in the Walikale District of North Kivu Province in the eastern Democratic Republic of Congo. The company's project include the Bisie North Tin Project.

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