Ronin Ventures (TSXV:RVC.P) ROCE % : -20.87% (As of Nov. 2024)

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What is Ronin Ventures 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. Ronin Ventures's annualized ROCE % for the quarter that ended in Nov. 2024 was -20.87%.

Ronin Ventures ROCE % Historical Data

The historical data trend for Ronin Ventures'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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Ronin Ventures ROCE % Chart

Ronin Ventures Annual Data

Trend

Feb22

Feb23

Feb24

ROCE %

-81.51

-25.48

Ronin Ventures Quarterly Data
	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial						-15.00	-54.61	-27.38	-29.39	-20.87

Ronin Ventures ROCE % Calculation

Ronin Ventures's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.04	/	( ( (0.195 - 0.017)	+	(0.159 - 0.023) )	/ 2 )
	=	-0.04	/	( (0.178	+	0.136)	/ 2 )
	=	-0.04	/	0.157
	=	-25.48 %

Ronin Ventures's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.024	/	( ( (0.12 - 0.002)	+	(0.119 - 0.007) )	/ 2 )
	=	-0.024	/	( ( 0.118	+	0.112 )	/ 2 )
	=	-0.024	/	0.115
	=	-20.87 %

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

Ronin Ventures (TSXV:RVC.P) 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.

Ronin Ventures ROCE % Related Terms

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Ronin Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ronin Ventures Corp (TSXV:RVC.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

Ronin Ventures Corp is a capital pool company.

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