RE Royalties (TSXV:RE) ROCE % : -12.25% (As of Sep. 2023)

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What is RE Royalties 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. RE Royalties's annualized ROCE % for the quarter that ended in Sep. 2023 was -12.25%.

RE Royalties ROCE % Historical Data

The historical data trend for RE Royalties'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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RE Royalties ROCE % Chart

RE Royalties Annual Data

Trend

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-29.66

-4.09

-0.68

-4.19

3.33

RE Royalties Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															10.30	9.60	-3.09	10.51	-12.25

RE Royalties ROCE % Calculation

RE Royalties's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.249	/	( ( (35.195 - 0.201)	+	(42.61 - 2.597) )	/ 2 )
	=	1.249	/	( (34.994	+	40.013)	/ 2 )
	=	1.249	/	37.5035
	=	3.33 %

RE Royalties's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-6.828	/	( ( (56.999 - 0.384)	+	(55.259 - 0.433) )	/ 2 )
	=	-6.828	/	( ( 56.615	+	54.826 )	/ 2 )
	=	-6.828	/	55.7205
	=	-12.25 %

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

RE Royalties (TSXV:RE) 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.

RE Royalties ROCE % Related Terms

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RE Royalties (TSXV:RE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » RE Royalties Ltd (TSXV:RE) » Definitions » ROCE %

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RROYF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.reroyalties.com

RE Royalties Ltd is engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies by providing a non-dilutive royalty financing solution to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. Its solutions provide a non-dilutive, flexible, and low-cost financing alternative that allows its clients to free up capital in order to grow their businesses.

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