Red Canyon Resources (XCNQ:REDC) ROCE % : -25.23% (As of Sep. 2024)

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What is Red Canyon 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. Red Canyon Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -25.23%.

Red Canyon Resources ROCE % Historical Data

The historical data trend for Red Canyon 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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Red Canyon Resources ROCE % Chart

Red Canyon Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-51.67

-26.24

-24.42

Red Canyon Resources Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial							-22.12	-20.90	-25.39	-17.84	-25.23

Red Canyon Resources ROCE % Calculation

Red Canyon Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.478	/	( ( (1.321 - 0.23)	+	(3.098 - 0.274) )	/ 2 )
	=	-0.478	/	( (1.091	+	2.824)	/ 2 )
	=	-0.478	/	1.9575
	=	-24.42 %

Red Canyon Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.24	/	( ( (5.417 - 0.618)	+	(5.607 - 0.576) )	/ 2 )
	=	-1.24	/	( ( 4.799	+	5.031 )	/ 2 )
	=	-1.24	/	4.915
	=	-25.23 %

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

Red Canyon Resources (XCNQ:REDC) 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.

Red Canyon Resources ROCE % Related Terms

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Red Canyon Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Canyon Resources Ltd (XCNQ:REDC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

REDRF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redcanyonresources.com

Red Canyon Resources Ltd is a mineral resource company principally engaged in the acquisition and exploration of mineral property assets in Canada and the United States. Its projects are BC projects including Peak, Kendal, Ping, SP, and Cooper; and the United States projects including Scraper Springs and Keg. It has two geographic segments Canada and the USA. It generates the majority of its revenue from Canada.

Executives

Wendell Miles Zerb

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Red Canyon Resources Headlines

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