Refined Energy (XCNQ:RUU) ROCE % : 0.00% (As of Dec. 2023)

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What is Refined Energy 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. Refined Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Refined Energy ROCE % Historical Data

The historical data trend for Refined Energy'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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Refined Energy ROCE % Chart

Refined Energy Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-243.13

-157.00

-134.18

Refined Energy 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															-97.12	-244.56	-455.67	-	-

Refined Energy ROCE % Calculation

Refined Energy's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.897	/	( ( (0.284 - 1.863)	+	(0.862 - 0.736) )	/ 2 )
	=	-0.897	/	( (-1.579	+	0.126)	/ 2 )
	=	-0.897	/	-0.7265
	=	123.47 %

Refined Energy'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 )
	=	-0.4	/	( ( (0.634 - 0.777)	+	(0.635 - 0.868) )	/ 2 )
	=	-0.4	/	( ( -0.143	+	-0.233 )	/ 2 )
	=	-0.4	/	-0.188
	=	0 %

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

Refined Energy (XCNQ:RUU) 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.

Refined Energy ROCE % Related Terms

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Refined Energy (XCNQ:RUU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Refined Energy Corp (XCNQ:RUU) » Definitions » ROCE %

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RFMCF:USA CWA0:Germany

Address

1177 West Hastings Street, Suite 1930, Vancouver, BC, CAN, V6E 2K3

Website

https://refinedmetalscorp.com

Refined Metals Corp is a junior mining company dedicated to identifying, evaluating, and acquiring interests in mineral properties in North America. It has three properties, the Lac Simard Lithium Property in the Lac Simard Region of Quebec; the Rose Property located near Kamloops, British Columbia which is an exploration stage silver-gold-copper-zinc property and the Horizon South Property located in the endowed Big Smoky Valley basins in Esmeralda County, Nevada.

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