RHCCF (Royal Helium) ROCE %: -12.45% (As of Sep. 2024)

What is Royal Helium ROCE %?

Royal Helium RHCCF ROCE % is -12.45% as of Sep. 2024.

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. Royal Helium's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.45%.

Royal Helium (OTCPK:RHCCF) 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.

Royal Helium ROCE % Related Terms

Royal Helium ROCE % Historical Data

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The historical data trend for Royal Helium'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.

Royal Helium ROCE % Chart

Royal Helium Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.73

-26.87

-31.35

-11.35

-12.89

Royal Helium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-5.87	-20.22	-15.60	-12.88	-12.45

Royal Helium ROCE % Calculation

Royal Helium's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-6.304	/	( ( (43.982 - 6.464)	+	(68.437 - 8.132) )	/ 2 )
	=	-6.304	/	( (37.518	+	60.305)	/ 2 )
	=	-6.304	/	48.9115
	=	-12.89 %

Royal Helium's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-6.784	/	( ( (65.036 - 9.304)	+	(64.641 - 11.355) )	/ 2 )
	=	-6.784	/	( ( 55.732	+	53.286 )	/ 2 )
	=	-6.784	/	54.509
	=	-12.45 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -12.45% mean?

Royal Helium (RHCCF) has a ROCE % of -12.45% as of Sep. 2024.

Is Royal Helium's ROCE % too high?

Royal Helium's current ROCE % is -12.45%.

How does Royal Helium's ROCE % compare to GRVE and SPOWF?

Royal Helium's ROCE % of -12.45% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. 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. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Helium's current ROCE % is -12.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Royal Helium stock overvalued right now?

Royal Helium (RHCCF) has a current ROCE % of -12.45%. The current ROCE % is -12.45%. 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 Royal Helium (RHCCF), the current ROCE % is -12.45% as of Sep. 2024. 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.

Royal Helium Business Description

Industry Energy Oil & Gas

Comparable Companies GRVE SPOWF LEEN FOMI PTCO CRCE MMEX FECOF COP HKSE:00883 TSX:CNQ EOG OXY FANG MIC:NVTK EQT ASX:WDS EXE DVN TSE:1605

Address 224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. The company's project includes Saskatchewan Helium Play Elements for Success.