RDEMF (Red Eagle Mining) ROCE %: -424.29% (As of Jun. 2018)


What is Red Eagle Mining ROCE %?

Red Eagle Mining RDEMF -99.00% ROCE % is -424.29% as of Jun. 2018.

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. Red Eagle Mining's annualized ROCE % for the quarter that ended in Jun. 2018 was -424.29%.

Red Eagle Mining  (OTCPK:RDEMF) 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.

Red Eagle Mining ROCE % Related Terms

Red Eagle Mining ROCE % Historical Data

* Premium members only.

The historical data trend for Red Eagle Mining'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.

Red Eagle Mining ROCE % Chart

Red Eagle Mining Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROCE %
Get a 7-Day Free Trial -126.41 -417.55 -27.68 -11.12 -13.20

Red Eagle Mining Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.43 -21.37 -11.62 -9.80 -424.29

Red Eagle Mining ROCE % Calculation

Red Eagle Mining's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=-14.637/( ( (122.02 - 34.728) + (165.321 - 30.863) )/ 2 )
=-14.637/( (87.292+134.458)/ 2 )
=-14.637/110.875
=-13.20 %

Red Eagle Mining's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2018 )  (Q: Mar. 2018 )(Q: Jun. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2018 )  (Q: Mar. 2018 )(Q: Jun. 2018 )
=-291.316/( ( (179.508 - 45.22) + (115.215 - 112.185) )/ 2 )
=-291.316/( ( 134.288 + 3.03 )/ 2 )
=-291.316/68.659
=-424.29 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -424.29% mean?
Red Eagle Mining (RDEMF) has a ROCE % of -424.29% as of Jun. 2018.
Is Red Eagle Mining's ROCE % too high?
Red Eagle Mining's current ROCE % is -424.29%.
How does Red Eagle Mining's ROCE % compare to DTRC and THMG?
Red Eagle Mining's ROCE % of -424.29% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Red Eagle Mining's current ROCE % is -424.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Red Eagle Mining stock overvalued right now?
Red Eagle Mining (RDEMF) has a current ROCE % of -424.29%. The current ROCE % is -424.29%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Red Eagle Mining (RDEMF), the current ROCE % is -424.29% as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Red Eagle Mining Business Description

Address 666 Burrard Street, Suite 2348, Vancouver, BC, CAN, V6C 2X8
Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.