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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.

* Premium members only.

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 Premium Member Only Premium Member Only Premium Member Only -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.

* 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.


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

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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