Remora Royalties (Remora Royalties) ROCE % : 0.00% (As of Jun. 2018)

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What is Remora Royalties 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. Remora Royalties's annualized ROCE % for the quarter that ended in Jun. 2018 was 0.00%.

Remora Royalties ROCE % Historical Data

The historical data trend for Remora Royalties'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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Remora Royalties ROCE % Chart

Remora Royalties Annual Data

Trend

Dec16

Dec17

ROCE %

-67.48

20.98

Remora Royalties Quarterly Data
	Dec16	Dec17	Jun18
ROCE %	-	-	-

Remora Royalties ROCE % Calculation

Remora Royalties'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 )
	=	12	/	( ( (61.864 - 6.6)	+	(66.185 - 7.076) )	/ 2 )
	=	12	/	( (55.264	+	59.109)	/ 2 )
	=	12	/	57.1865
	=	20.98 %

Remora Royalties'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: Dec. 2017 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Dec. 2017 )		(Q: Jun. 2018 )
	=	0	/	( ( (66.185 - 7.076)	+	(76.174 - 13.885) )	/ 2 )
	=	0	/	( ( 59.109	+	62.289 )	/ 2 )
	=	0	/	60.699
	=	0.00 %

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

Remora Royalties (NAS:RRI) 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.

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Remora Royalties (Remora Royalties) Business Description

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