Richmond Minerals (Richmond Minerals) ROCE % : -28.01% (As of Nov. 2023)

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What is Richmond 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. Richmond Minerals's annualized ROCE % for the quarter that ended in Nov. 2023 was -28.01%.

Richmond Minerals ROCE % Historical Data

The historical data trend for Richmond 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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Richmond Minerals ROCE % Chart

Richmond Minerals Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-22.19

-46.62

-20.44

-6.92

-6.11

Richmond Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-5.23	-4.16	-10.61	-52.86	-28.01

Richmond Minerals ROCE % Calculation

Richmond Minerals's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-0.12	/	( ( (2.341 - 0.266)	+	(2.225 - 0.369) )	/ 2 )
	=	-0.12	/	( (2.075	+	1.856)	/ 2 )
	=	-0.12	/	1.9655
	=	-6.11 %

Richmond Minerals's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.44	/	( ( (1.957 - 0.317)	+	(1.881 - 0.379) )	/ 2 )
	=	-0.44	/	( ( 1.64	+	1.502 )	/ 2 )
	=	-0.44	/	1.571
	=	-28.01 %

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

Richmond Minerals (OTCPK:RMDFF) 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.

Richmond Minerals ROCE % Related Terms

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Richmond Minerals (Richmond Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Minerals Inc (OTCPK:RMDFF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

R520:Germany RMD:Canada

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.richmondminerals.com

Richmond Minerals Inc is a mineral exploration company. It is mainly engaged in base and precious metal mining and related activities, including exploration and development in Northern Ontario and Quebec. The company owns an interest in Probe Mines Borden Lake Gold Properties, Ridley Lake Project, Iamgold Jerome Mines, and Iamgold Cote Lake properties. The Company operates in one industry segment, Junior exploration and evaluation, but operates geographically in two countries, Canada and Austria.

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