Rockridge Resources (TSXV:ROCK) ROCE % : -9.97% (As of Jan. 2024)

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What is Rockridge 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. Rockridge Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -9.97%.

Rockridge Resources ROCE % Historical Data

The historical data trend for Rockridge 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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Rockridge Resources ROCE % Chart

Rockridge Resources Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-88.81

-38.71

-37.60

-19.99

-13.38

Rockridge Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-16.78	-11.64	-10.58	-8.89	-9.97

Rockridge Resources ROCE % Calculation

Rockridge Resources's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.895	/	( ( (6.704 - 0.067)	+	(6.954 - 0.21) )	/ 2 )
	=	-0.895	/	( (6.637	+	6.744)	/ 2 )
	=	-0.895	/	6.6905
	=	-13.38 %

Rockridge Resources's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.656	/	( ( (6.706 - 0.049)	+	(6.535 - 0.03) )	/ 2 )
	=	-0.656	/	( ( 6.657	+	6.505 )	/ 2 )
	=	-0.656	/	6.581
	=	-9.97 %

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

Rockridge Resources (TSXV:ROCK) 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.

Rockridge Resources ROCE % Related Terms

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Rockridge Resources (TSXV:ROCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rockridge Resources Ltd (TSXV:ROCK) » Definitions » ROCE %

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RRRLF:USA RR0:Germany

Address

777 Dunsmuir Street, Suite 1610, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.rockridgeresourcesltd.com

Rockridge Resources Ltd is a junior exploration company. Its principal business activity is acquiring, exploring, and developing mineral properties. The company's project includes the Knife Lake Project in Saskatchewan and Raney Gold Project in northern Ontario.

Executives

Jordan Trimble

Director, Senior Officer