RTG Mining (TSX:RTG) ROCE % : -71.63% (As of Dec. 2023)

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What is RTG 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. RTG Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -71.63%.

RTG Mining ROCE % Historical Data

The historical data trend for RTG 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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RTG Mining ROCE % Chart

RTG Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-110.38

-98.50

-87.90

-98.01

-71.63

RTG Mining Semi-Annual Data
	Jun11	Jun12	Jun13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial								-110.38	-98.50	-87.90	-98.01	-71.63

RTG Mining ROCE % Calculation

RTG Mining'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 )
	=	-5.827	/	( ( (7.655 - 2.151)	+	(12.316 - 1.55) )	/ 2 )
	=	-5.827	/	( (5.504	+	10.766)	/ 2 )
	=	-5.827	/	8.135
	=	-71.63 %

RTG Mining'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-5.827	/	( ( (7.655 - 2.151)	+	(12.316 - 1.55) )	/ 2 )
	=	-5.827	/	( ( 5.504	+	10.766 )	/ 2 )
	=	-5.827	/	8.135
	=	-71.63 %

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

RTG Mining (TSX:RTG) 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.

RTG Mining ROCE % Related Terms

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RTG Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RTG Mining Inc (TSX:RTG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RTG:Australia

Address

516 Hay Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.rtgmining.com

RTG Mining Inc is into the mining and exploration business. It is focused on high-grade, low operating cost gold projects. Some of its minor exploration and evaluation assets are held in Africa, all of the company's other assets are located in the Philippines. The organization's principal asset and focus are the Mabilo Project located in Camarines Norte Province, Eastern Luzon, Philippines. The company's other projects include The Bunawan project and the Nalesbitan Project.

Executives

Richard Charles Hains

10% Security Holder

RTG Mining Headlines

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