Rubix Resources (ASX:RB6) ROCE % : -451.17% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Rubix 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. Rubix Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -451.17%.

Rubix Resources ROCE % Historical Data

The historical data trend for Rubix 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.

* Premium members only.

Rubix Resources ROCE % Chart

Rubix Resources Annual Data

Trend

Jun22

Jun23

ROCE %

-20.52

-47.43

Rubix Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-20.13	-17.77	-58.96	-37.51	-451.17

Rubix Resources ROCE % Calculation

Rubix Resources'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 )
	=	-1.433	/	( ( (3.881 - 0.134)	+	(2.492 - 0.196) )	/ 2 )
	=	-1.433	/	( (3.747	+	2.296)	/ 2 )
	=	-1.433	/	3.0215
	=	-47.43 %

Rubix 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-11.392	/	( ( (2.492 - 0.196)	+	(2.938 - 0.184) )	/ 2 )
	=	-11.392	/	( ( 2.296	+	2.754 )	/ 2 )
	=	-11.392	/	2.525
	=	-451.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Rubix Resources (ASX:RB6) 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.

Rubix Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Rubix Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Rubix Resources (ASX:RB6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rubix Resources Ltd (ASX:RB6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.rubixresources.com.au

Rubix Resources Ltd is an exploration and mining company. It explores copper, nickel, zinc and gold minerals. The firm is engaged in the exploration of the Paperbark Project which is located near the Gulf of Carpentaria of Northwest Queensland, Australia. Etheridge Project is located in the Etheridge Goldfield of Georgetown Inlier, north Queensland. The Lake Johnston Project is located approximately 105km west of Norseman and covers the large salt pans of Lake Johnston. The Collurabbie North Project is located in the North-Eastern Goldfields Province of Western Australia.

Rubix Resources (ASX:RB6) Headlines

No Headlines