Resolute Resources (TSXV:RRL.H) ROCE % : 0.00% (As of Dec. 2024)

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What is Resolute 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. Resolute Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Resolute Resources ROCE % Historical Data

The historical data trend for Resolute 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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Resolute Resources ROCE % Chart

Resolute Resources Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-20.06

-9.53

-49.94

-210.59

Resolute Resources Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial								-22.86	-12.21	-6.88	-	-

Resolute Resources ROCE % Calculation

Resolute Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.929	/	( ( (6.34 - 4.583)	+	(0.998 - 0.923) )	/ 2 )
	=	-1.929	/	( (1.757	+	0.075)	/ 2 )
	=	-1.929	/	0.916
	=	-210.59 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-0.096	/	( ( (0.707 - 0.799)	+	(0.06 - 0.031) )	/ 2 )
	=	-0.096	/	( ( -0.092	+	0.029 )	/ 2 )
	=	-0.096	/	-0.0315
	=	0 %

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

Resolute Resources (TSXV:RRL.H) 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.

Resolute Resources ROCE % Related Terms

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Resolute Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Resolute Resources Ltd (TSXV:RRL.H) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 5th Avenue South West, Suite 3300, Calgary, AB, CAN, T2P 2V7

Website

https://www.resoluteresourcesltd.com

Resolute Resources Ltd is a Canadian energy company engaged in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs in Northeast British Columbia and Northwest Alberta, utilizing multi-lateral drilling technology. It is pursuing projects that are high in environmental, social and governance metrics, that result in lower emission 0f oil and low water use due to no hydraulic fracturing, but that provide high economic returns.

Executives

Kiernan Lynch

Director

Resolute Resources Headlines

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