Royal Road Minerals (TSXV:RYR) ROCE % : -38.97% (As of Dec. 2023)

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What is Royal Road Minerals 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. Royal Road Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -38.97%.

Royal Road Minerals ROCE % Historical Data

The historical data trend for Royal Road Minerals'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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Royal Road Minerals ROCE % Chart

Royal Road Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-38.57

-41.18

-44.67

-20.64

-36.58

Royal Road Minerals 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															-22.44	-22.74	-29.65	-42.26	-38.97

Royal Road Minerals ROCE % Calculation

Royal Road Minerals'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 )
	=	-7.519	/	( ( (28.063 - 0.898)	+	(14.274 - 0.325) )	/ 2 )
	=	-7.519	/	( (27.165	+	13.949)	/ 2 )
	=	-7.519	/	20.557
	=	-36.58 %

Royal Road Minerals'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 )
	=	-7.048	/	( ( (22.823 - 0.602)	+	(14.274 - 0.325) )	/ 2 )
	=	-7.048	/	( ( 22.221	+	13.949 )	/ 2 )
	=	-7.048	/	18.085
	=	-38.97 %

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

Royal Road Minerals (TSXV:RYR) 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.

Royal Road Minerals ROCE % Related Terms

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Royal Road Minerals (TSXV:RYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Royal Road Minerals Ltd (TSXV:RYR) » Definitions » ROCE %

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RRDMF:USA RLU:Germany

Address

4 Wharf Street, Suite 30, St Helier, JEY, JE2 3NR

Website

https://www.royalroadminerals.com

Royal Road Minerals Ltd is a mineral exploration and development company. The Group operates under three geographic segments engaged in mineral exploration and development in Colombia, Nicaragua and Peru.

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