Red Eagle Mining (TSX:R) ROCE % : -430.45% (As of Jun. 2018)

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What is Red Eagle 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. Red Eagle Mining's annualized ROCE % for the quarter that ended in Jun. 2018 was -430.45%.

Red Eagle Mining ROCE % Historical Data

The historical data trend for Red Eagle 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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Red Eagle Mining ROCE % Chart

Red Eagle Mining Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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-133.92

-449.06

-27.72

-11.03

-12.97

Red Eagle Mining Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
ROCE %	Get a 7-Day Free Trial															-19.34	-20.89	-11.84	-9.87	-430.45

Red Eagle Mining ROCE % Calculation

Red Eagle Mining's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-18.69	/	( ( (162.762 - 46.324)	+	(211.098 - 39.409) )	/ 2 )
	=	-18.69	/	( (116.438	+	171.689)	/ 2 )
	=	-18.69	/	144.0635
	=	-12.97 %

Red Eagle Mining's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2018 )		(Q: Mar. 2018 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Mar. 2018 )		(Q: Jun. 2018 )
	=	-382.352	/	( ( (232.158 - 58.483)	+	(151.22 - 147.243) )	/ 2 )
	=	-382.352	/	( ( 173.675	+	3.977 )	/ 2 )
	=	-382.352	/	88.826
	=	-430.45 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.

Red Eagle Mining (TSX:R) 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.

Red Eagle Mining ROCE % Related Terms

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Red Eagle Mining (TSX:R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Eagle Mining Corp (TSX:R) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 2348, Vancouver, BC, CAN, V6C 2X8

Website

http://www.redeaglemining.com

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.