Rockland Resources (XCNQ:RKL) ROCE % : -17.50% (As of Dec. 2023)

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What is Rockland 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. Rockland Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.50%.

Rockland Resources ROCE % Historical Data

The historical data trend for Rockland 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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Rockland Resources ROCE % Chart

Rockland Resources Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-71.52

-33.84

-28.47

Rockland Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-41.44	-19.51	-12.49	-32.41	-17.50

Rockland Resources ROCE % Calculation

Rockland Resources's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.058	/	( ( (3.211 - 0.159)	+	(4.564 - 0.184) )	/ 2 )
	=	-1.058	/	( (3.052	+	4.38)	/ 2 )
	=	-1.058	/	3.716
	=	-28.47 %

Rockland Resources'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 )
	=	-0.728	/	( ( (4.564 - 0.184)	+	(4.032 - 0.09) )	/ 2 )
	=	-0.728	/	( ( 4.38	+	3.942 )	/ 2 )
	=	-0.728	/	4.161
	=	-17.50 %

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

Rockland Resources (XCNQ:RKL) 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.

Rockland Resources ROCE % Related Terms

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Rockland Resources (XCNQ:RKL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C1H2

Website

https://www.rocklandresources.com

Rockland Resources Ltd is engaged in the exploration and development of mineral properties in British Columbia. The company's project includes Elektra, Stetham Uranium, Cole Gold Mine, Old Timer.

Executives

Michael Bruno John Franz England

Director

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