RSNUF (Renascor Resources) ROCE % : -1.78% (As of Dec. 2023)

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What is Renascor 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. Renascor Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.78%.

Renascor Resources ROCE % Historical Data

The historical data trend for Renascor 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.

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Renascor Resources ROCE % Chart

Renascor Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-6.69

-3.45

-2.23

-1.91

-1.96

Renascor Resources 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															-1.97	-1.77	-1.65	-1.78	-2.15

Renascor Resources ROCE % Calculation

Renascor Resources'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 )
	=	-2.191	/	( ( (113.401 - 1.85)	+	(113.602 - 1.485) )	/ 2 )
	=	-2.191	/	( (111.551	+	112.117)	/ 2 )
	=	-2.191	/	111.834
	=	-1.96 %

Renascor 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 )
	=	-1.986	/	( ( (113.401 - 1.85)	+	(113.155 - 0.952) )	/ 2 )
	=	-1.986	/	( ( 111.551	+	112.203 )	/ 2 )
	=	-1.986	/	111.877
	=	-1.78 %

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

Renascor Resources (OTCPK:RSNUF) 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.

Renascor Resources ROCE % Related Terms

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Renascor Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Renascor Resources Ltd (OTCPK:RSNUF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RU8:Germany RNU:Australia

Address

149 Flinders Street, Level 5, Adelaide, SA, AUS, 5000

Website

https://www.renascor.com.au

Renascor Resources Ltd is engaged in the exploration of graphite, copper, gold, uranium and various other minerals in Australia. Its projects include Siviour Graphite and Battery Anode Material Project in South Australia. It is mainly engaged in mineral exploration, development, and evaluation.

Renascor Resources Headlines

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