Big Red Mining (STU:K8J) ROCE % : -92.94% (As of Nov. 2024)

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What is Big Red Mining 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. Big Red Mining's annualized ROCE % for the quarter that ended in Nov. 2024 was -92.94%.

Big Red Mining ROCE % Historical Data

The historical data trend for Big Red 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.

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Big Red Mining ROCE % Chart

Big Red Mining Annual Data

Trend

Aug21

Aug22

Aug23

Aug24

ROCE %

-2.08

-55.88

-26.18

-35.22

Big Red Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial										-30.26	-29.45	-38.02	-59.37	-92.94

Big Red Mining ROCE % Calculation

Big Red Mining's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-0.218	/	( ( (0.68 - 0.05)	+	(0.723 - 0.115) )	/ 2 )
	=	-0.218	/	( (0.63	+	0.608)	/ 2 )
	=	-0.218	/	0.619
	=	-35.22 %

Big Red Mining's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.54	/	( ( (0.723 - 0.115)	+	(0.648 - 0.094) )	/ 2 )
	=	-0.54	/	( ( 0.608	+	0.554 )	/ 2 )
	=	-0.54	/	0.581
	=	-92.94 %

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

Big Red Mining (STU:K8J) 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.

Big Red Mining ROCE % Related Terms

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Big Red Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big Red Mining Corp (STU:K8J) » Definitions » ROCE %

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Traded in Other Exchanges

RED:Canada

Address

17565 58 Avenue, Suite 100, Surrey, BC, CAN, V3S 4E3

Website

https://www.bigredmining.com

Big Red Mining Corp is in the business of acquiring and exploring mineral properties. It is an exploration company focused on developing its flagship copper project, the Dobie Lake Copper Property in Ontario, Canada. The management team possesses extensive experience in financing, exploration, development, and mining. The company's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.

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