Rush Rare Metals (XCNQ:RSH) ROCE % : -57.87% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Rush Rare Metals 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. Rush Rare Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -57.87%.

Rush Rare Metals ROCE % Historical Data

The historical data trend for Rush Rare Metals'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.

Rush Rare Metals ROCE % Chart

Rush Rare Metals Annual Data

Trend

Jun22

Jun23

ROCE %

-61.46

Rush Rare Metals Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-85.50	-55.02	-56.64	-70.56	-57.87

Rush Rare Metals ROCE % Calculation

Rush Rare Metals's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.496	/	( ( (0.702 - 0.017)	+	(0.995 - 0.066) )	/ 2 )
	=	-0.496	/	( (0.685	+	0.929)	/ 2 )
	=	-0.496	/	0.807
	=	-61.46 %

Rush Rare Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.456	/	( ( (0.858 - 0.041)	+	(0.809 - 0.05) )	/ 2 )
	=	-0.456	/	( ( 0.817	+	0.759 )	/ 2 )
	=	-0.456	/	0.788
	=	-57.87 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Rush Rare Metals (XCNQ:RSH) 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.

Rush Rare Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Rush Rare Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Rush Rare Metals (XCNQ:RSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rush Rare Metals Corp (XCNQ:RSH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

K9A:Germany

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.rushraremetals.com

Rush Rare Metals Corp is a mineral exploration company focused on its Boxi Property located in the Province of Quebec, Canada. The company also owns the Copper Mountain Project located in Wyoming, USA.

Rush Rare Metals (XCNQ:RSH) Headlines

No Headlines