Road New Media (TSXV:RNM) ROCE % : 0.00% (As of Sep. 2023)

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What is Road New Media 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. Road New Media's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Road New Media ROCE % Historical Data

The historical data trend for Road New Media'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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Road New Media ROCE % Chart

Road New Media Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-115.89

Road New Media Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Road New Media ROCE % Calculation

Road New Media's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3.179	/	( ( (3.005 - 16.017)	+	(1.369 - 17.725) )	/ 2 )
	=	3.179	/	( (-13.012	+	-16.356)	/ 2 )
	=	3.179	/	-14.684
	=	-21.65 %

Road New Media's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.92	/	( ( (1.375 - 18.049)	+	(1.135 - 18.619) )	/ 2 )
	=	-0.92	/	( ( -16.674	+	-17.484 )	/ 2 )
	=	-0.92	/	-17.079
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Road New Media (TSXV:RNM) 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.

Road New Media ROCE % Related Terms

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Road New Media (TSXV:RNM) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Road New Media Corporation (TSXV:RNM) » Definitions » ROCE %

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Address

421 -7th Avenue SW, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.perisson.com

Perisson Petroleum Corp is engaged in the exploration and production of oil and gas in Canada and the Republic of Colombia. The company generates the majority of its revenue from the sale of Oil and includes Natural gas.

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