Radisson Mining Resources (Radisson Mining Resources) ROCE % : -2.58% (As of Dec. 2023)

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What is Radisson Mining 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. Radisson Mining Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.58%.

Radisson Mining Resources ROCE % Historical Data

The historical data trend for Radisson Mining 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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Radisson Mining Resources ROCE % Chart

Radisson Mining Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.34

-5.66

-2.98

-6.69

-2.90

Radisson Mining Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.29	-2.83	-4.71	-1.95	-2.58

Radisson Mining Resources ROCE % Calculation

Radisson Mining Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.136	/	( ( (36.462 - 0.124)	+	(42.379 - 0.356) )	/ 2 )
	=	-1.136	/	( (36.338	+	42.023)	/ 2 )
	=	-1.136	/	39.1805
	=	-2.90 %

Radisson Mining 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 )
	=	-1.028	/	( ( (37.809 - 0.242)	+	(42.379 - 0.356) )	/ 2 )
	=	-1.028	/	( ( 37.567	+	42.023 )	/ 2 )
	=	-1.028	/	39.795
	=	-2.58 %

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

Radisson Mining Resources (OTCPK:RMRDF) 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.

Radisson Mining Resources ROCE % Related Terms

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Radisson Mining Resources (Radisson Mining Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Radisson Mining Resources Inc (OTCPK:RMRDF) » Definitions » ROCE %

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RDS:Canada

Address

50 rue du Petit, Rouyn-Noranda, QC, CAN, J0Y 1C0

Website

https://www.radissonmining.com

Radisson Mining Resources Inc is a junior mining company. It conducts the acquisition, exploration, and development of mineral properties. The company's properties include the O'Brien, New Alger, and Douay property.

Radisson Mining Resources (Radisson Mining Resources) Headlines

From GuruFocus

Radisson mining resources Inc. to Webcast Live at VirtualInvestorConferences.com February 15th

By GuruFocusNews GuruFocusNews • 02-10-2022

Radisson announces $ 657,404 first closing of up to $ 1.8 M private placement

By GlobeNewswire GlobeNewswire • 08-24-2018

Radisson expands ongoing O'Brien drill program to 60,000 m

By GlobeNewswire GlobeNewswire • 02-27-2020

Drilling at O'Brien continues to deliver high-grade gold intercepts highlighting resource expansion potential at depth and within the current resource area

By GlobeNewswire GlobeNewswire • 02-06-2020