Reedy Lagoon (ASX:RLC) ROCE % : -1,095.52% (As of Dec. 2023)

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What is Reedy Lagoon 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. Reedy Lagoon's annualized ROCE % for the quarter that ended in Dec. 2023 was -1,095.52%.

Reedy Lagoon ROCE % Historical Data

The historical data trend for Reedy Lagoon'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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Reedy Lagoon ROCE % Chart

Reedy Lagoon Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-140.92

-423.74

-430.42

-317.36

-1,370.83

Reedy Lagoon Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-167.24	-331.13	-946.34	-1,095.52	-587.88

Reedy Lagoon ROCE % Calculation

Reedy Lagoon's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.658	/	( ( (0.223 - 0.207)	+	(0.104 - 0.024) )	/ 2 )
	=	-0.658	/	( (0.016	+	0.08)	/ 2 )
	=	-0.658	/	0.048
	=	-1,370.83 %

Reedy Lagoon'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 )
	=	-0.734	/	( ( (0.223 - 0.207)	+	(0.341 - 0.223) )	/ 2 )
	=	-0.734	/	( ( 0.016	+	0.118 )	/ 2 )
	=	-0.734	/	0.067
	=	-1,095.52 %

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

Reedy Lagoon (ASX:RLC) 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.

Reedy Lagoon ROCE % Related Terms

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Reedy Lagoon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Reedy Lagoon Corp Ltd (ASX:RLC) » Definitions » ROCE %

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Address

600 Bourke Street, Level 44, Melbourne, VIC, AUS, 3000

Website

https://www.reedylagoon.com.au

Reedy Lagoon Corp Ltd is a mineral exploration company, that explores lithium, gold, and magnetite. The company's focus is on exploring its Burracoppin Gold project and securing a joint venture partner for the Burracoppin Iron project.

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