Riverside Resources (TSXV:RRI) ROCE % : -7.35% (As of Dec. 2023)

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What is Riverside 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. Riverside Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.35%.

Riverside Resources ROCE % Historical Data

The historical data trend for Riverside 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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Riverside Resources ROCE % Chart

Riverside Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-13.94

26.79

-14.04

-11.21

-10.71

Riverside Resources 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															-11.67	-10.95	-8.31	-11.12	-7.35

Riverside Resources ROCE % Calculation

Riverside 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 )
	=	-1.381	/	( ( (16.323 - 4.088)	+	(15.324 - 1.76) )	/ 2 )
	=	-1.381	/	( (12.235	+	13.564)	/ 2 )
	=	-1.381	/	12.8995
	=	-10.71 %

Riverside 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 )
	=	-0.984	/	( ( (15.324 - 1.76)	+	(14.601 - 1.391) )	/ 2 )
	=	-0.984	/	( ( 13.564	+	13.21 )	/ 2 )
	=	-0.984	/	13.387
	=	-7.35 %

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

Riverside Resources (TSXV:RRI) 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.

Riverside Resources ROCE % Related Terms

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Riverside Resources (TSXV:RRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Riverside Resources Inc (TSXV:RRI) » Definitions » ROCE %

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RVSDF:USA 5YY:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.rivres.com

Riverside Resources Inc is engaged in the acquisition, exploration, and evaluation of exploration and evaluation assets in the Americas including Canada, the United States, and Mexico. The company's project profile includes Cecilia Gold Project, La Union Project, Tajitos Gold Project, Los Cuarentas Gold-Silver Project, La Silla Gold-Silver Project, and others.

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