Radio Fuels Energy (Radio Fuels Energy) ROCE % : -4.67% (As of Feb. 2024)

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What is Radio Fuels Energy 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. Radio Fuels Energy's annualized ROCE % for the quarter that ended in Feb. 2024 was -4.67%.

Radio Fuels Energy ROCE % Historical Data

The historical data trend for Radio Fuels Energy'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.
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Radio Fuels Energy ROCE % Chart

Radio Fuels Energy Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

ROCE %

-188.36

-15.23

-1.95

Radio Fuels Energy Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial												-1.49	-1.40	-1.63	-3.83	-4.67

Radio Fuels Energy ROCE % Calculation

Radio Fuels Energy's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.446	/	( ( (30.865 - 0.062)	+	(15.034 - 0.011) )	/ 2 )
	=	-0.446	/	( (30.803	+	15.023)	/ 2 )
	=	-0.446	/	22.913
	=	-1.95 %

Radio Fuels Energy's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.636	/	( ( (15.034 - 0.011)	+	(12.251 - 0.051) )	/ 2 )
	=	-0.636	/	( ( 15.023	+	12.2 )	/ 2 )
	=	-0.636	/	13.6115
	=	-4.67 %

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

Radio Fuels Energy (OTCPK:CKEFF) 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.

Radio Fuels Energy ROCE % Related Terms

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Radio Fuels Energy (Radio Fuels Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Radio Fuels Energy Corp (OTCPK:CKEFF) » Definitions » ROCE %

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CAKE:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.radiofuels.ca

Radio Fuels Energy Corp is a mineral resource company in the development stage that is engaged in the acquisition of interests and in the exploration of, mineral resource properties. Radio Fuel's flagship property is owned by Eco Ridge Project located in Elliot Lake pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines.

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