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Rain City Resources (XCNQ:RAIN) ROCE % : -131.62% (As of Dec. 2024)


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What is Rain City 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. Rain City Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -131.62%.

Rain City Resources ROCE % Historical Data

The historical data trend for Rain City 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.

* Premium members only.

Rain City Resources ROCE % Chart

Rain City Resources Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
ROCE %
Get a 7-Day Free Trial -66.52 -37.79 -21.82 - -117.09

Rain City Resources Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -66.01 -137.66 -57.06 -131.62

Rain City Resources ROCE % Calculation

Rain City Resources's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2024 )  (A: Sep. 2023 )(A: Sep. 2024 )
=-0.788/( ( (0.107 - 0.273) + (1.801 - 0.289) )/ 2 )
=-0.788/( (-0.166+1.512)/ 2 )
=-0.788/0.673
=-117.09 %

Rain City 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 )
=-2.044/( ( (1.801 - 0.289) + (1.882 - 0.288) )/ 2 )
=-2.044/( ( 1.512 + 1.594 )/ 2 )
=-2.044/1.553
=-131.62 %

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

Rain City Resources  (XCNQ:RAIN) 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.

Rain City Resources ROCE % Related Terms

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Rain City Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rain City Resources Inc (XCNQ:RAIN) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
142 - 757 West Hastings Street, Vancouver, BC, CAN, V6C 1A1
Website
https://www.raincityresources.com
Rain City Resources Inc is an integrated lithium technology and project development company committed to solving the environmental, social, and economic issues associated with extracting lithium from brine. Its primary focus is on lithium production sourced from brines using proprietary Direct Lithium Extraction (DLE) processes. The company has purchased an interest in a patented technology, adapted to Direct Lithium Extraction (DLE) called ACCELi. In addition, it holds a 100% interest in the Bro Property, located in the Yukon region.
Executives
Mineral Road Discovery Inc 10% Security Holder
Damien Edward Reynolds 10% Security Holder
1459988 Bc Ltd 10% Security Holder
Emma Fairhurst 10% Security Holder
Crest Resources Inc. 10% Security Holder
Richard Ryan Penn 10% Security Holder, Director, Senior Officer
Roman Reuven Rubin 10% Security Holder, Director, Senior Officer