Rio2 (TSXV:RIO) ROCE % : -13.86% (As of Sep. 2024)

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What is Rio2 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. Rio2's annualized ROCE % for the quarter that ended in Sep. 2024 was -13.86%.

Rio2 ROCE % Historical Data

The historical data trend for Rio2'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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Rio2 ROCE % Chart

Rio2 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.75

-11.41

-12.99

-0.08

-8.34

Rio2 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															-2.61	-13.75	-1.43	-6.85	-13.86

Rio2 ROCE % Calculation

Rio2'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 )
	=	-12.454	/	( ( (156.31 - 2.322)	+	(145.454 - 0.851) )	/ 2 )
	=	-12.454	/	( (153.988	+	144.603)	/ 2 )
	=	-12.454	/	149.2955
	=	-8.34 %

Rio2'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 )
	=	-22.584	/	( ( (165.414 - 0.931)	+	(162.603 - 1.139) )	/ 2 )
	=	-22.584	/	( ( 164.483	+	161.464 )	/ 2 )
	=	-22.584	/	162.9735
	=	-13.86 %

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

Rio2 (TSXV:RIO) 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.

Rio2 ROCE % Related Terms

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Rio2 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio2 Ltd (TSXV:RIO) » Definitions » ROCE %

Comparable Companies

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RIOFF:USA 1SB:Germany

Address

355 Burrard Street, Suite 1000, The Marine Building, Vancouver, BC, CAN, V6C 2G8

Website

https://www.rio2.com

Rio2 Ltd is a mining company with a focus on development and mining operations. It focuses on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile. The Company has four operating segments in four geographic areas which is the corporate office in Canada, the financing of the Fenix Gold Project in the Bahamas the support of the Fenix Gold Project in Peru, and the development of the Fenix Gold Project in Chile.

Executives

Kathryn Johnson	Senior Officer
Andrew Cox	Director, Senior Officer
Drago Guillermo Kisic	Director
Klaus M Zeitler	Director
Jose Luis Martinez	Senior Officer
Ian Keith Dreyer	Senior Officer
Timothy Williams	Senior Officer
Enrique Garay	Senior Officer