Rusoro Mining (FRA:PKJ2) ROCE % : 0.00% (As of Mar. 2024)

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What is Rusoro Mining 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. Rusoro Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Rusoro Mining ROCE % Historical Data

The historical data trend for Rusoro Mining'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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Rusoro Mining ROCE % Chart

Rusoro Mining Annual Data

Trend

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ROCE %

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Rusoro Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
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Rusoro Mining ROCE % Calculation

Rusoro Mining's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-3.722	/	( ( (0.017 - 134.24)	+	(0.02 - 159.694) )	/ 2 )
	=	-3.722	/	( (-134.223	+	-159.674)	/ 2 )
	=	-3.722	/	-146.9485
	=	2.53 %

Rusoro Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-22.416	/	( ( (1.1 - 176.393)	+	(1.926 - 192.652) )	/ 2 )
	=	-22.416	/	( ( -175.293	+	-190.726 )	/ 2 )
	=	-22.416	/	-183.0095
	=	0 %

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

Rusoro Mining (FRA:PKJ2) 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.

Rusoro Mining ROCE % Related Terms

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Rusoro Mining (FRA:PKJ2) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rusoro Mining Ltd (FRA:PKJ2) » Definitions » ROCE %

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RMLFF:USA PKJ2:Germany RML:Canada

Address

595 Burrard Street, Suite 3123, PO Box 49139, Vancouver, BC, CAN, V7X 1J1

Website

https://www.rusoro.com

Rusoro Mining Ltd is a gold producer and explorer. It is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The company has land position in the prolific Bolivar State mining region in southern Venezuela.

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