Red Metal Resources (XCNQ:RMES) ROCE % : 0.00% (As of Oct. 2024)

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What is Red Metal 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 Metal Resources's annualized ROCE % for the quarter that ended in Oct. 2024 was 0.00%.

Red Metal Resources ROCE % Historical Data

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

Red Metal Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-88.24

-20.33

-153.94

Red Metal Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Red Metal Resources ROCE % Calculation

Red Metal Resources's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.448	/	( ( (1.012 - 2.829)	+	(0.841 - 3.388) )	/ 2 )
	=	-0.448	/	( (-1.817	+	-2.547)	/ 2 )
	=	-0.448	/	-2.182
	=	20.53 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.592	/	( ( (0.837 - 1.166)	+	(0.838 - 1.265) )	/ 2 )
	=	-0.592	/	( ( -0.329	+	-0.427 )	/ 2 )
	=	-0.592	/	-0.378
	=	0 %

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

Red Metal Resources (XCNQ:RMES) 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 Metal Resources ROCE % Related Terms

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Red Metal Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RMESF:USA I660:Germany

Address

1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://www.redmetalresources.com

Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property and the Mateo Project located on the Mateo Property.

Executives

Richard Norman Jeffs	10% Security Holder
Caitlin Leigh Jeffs	10% Security Holder, Director
Michael John Thompson	Director, Senior Officer

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