Rumble Resources (XCNQ:RB) ROCE % : -41.97% (As of Apr. 2024)

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What is Rumble 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. Rumble Resources's annualized ROCE % for the quarter that ended in Apr. 2024 was -41.97%.

Rumble Resources ROCE % Historical Data

The historical data trend for Rumble 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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Rumble Resources ROCE % Chart

Rumble Resources Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-9.76

-34.59

-32.93

-41.15

-42.13

Rumble Resources Quarterly Data
	Jul18	Jul19	Jul20	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial											-66.67	-12.50	-251.03	-44.71	-41.97

Rumble Resources ROCE % Calculation

Rumble 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 )
	=	-0.079	/	( ( (0.311 - 0.098)	+	(0.232 - 0.07) )	/ 2 )
	=	-0.079	/	( (0.213	+	0.162)	/ 2 )
	=	-0.079	/	0.1875
	=	-42.13 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	-0.064	/	( ( (0.216 - 0.055)	+	(0.204 - 0.06) )	/ 2 )
	=	-0.064	/	( ( 0.161	+	0.144 )	/ 2 )
	=	-0.064	/	0.1525
	=	-41.97 %

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

Rumble Resources (XCNQ:RB) 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.

Rumble Resources ROCE % Related Terms

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Rumble Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rumble Resources Inc (XCNQ:RB) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

Rumble Resources Inc is engaged in the acquisition, exploration, and development of mineral exploration properties. The Company holds the exclusive option to acquire a 100% interest, subject to a 2% Net Smelter Returns royalty, in the Woolford Creek Property. The Woolford Creek Property is located approximately 15 kilometers north of Squilax, British Columbia on the northeast shore of Little Shuswap Lake and is comprised of seven mining claims in the Kamloops Mining Division, British Columbia covering approximately 3,620.07 hectares.

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