Royal Helium (TSXV:RHC) ROCE % : -15.67% (As of Mar. 2024)

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What is Royal Helium 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. Royal Helium's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.67%.

Royal Helium ROCE % Historical Data

The historical data trend for Royal Helium'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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Royal Helium ROCE % Chart

Royal Helium Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.56

-26.75

-31.35

-11.58

-12.83

Royal Helium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-22.08	-8.62	-6.49	-20.08	-15.67

Royal Helium ROCE % Calculation

Royal Helium'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 )
	=	-8.457	/	( ( (59.75 - 8.781)	+	(91.815 - 10.91) )	/ 2 )
	=	-8.457	/	( (50.969	+	80.905)	/ 2 )
	=	-8.457	/	65.937
	=	-12.83 %

Royal Helium's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-12.54	/	( ( (91.815 - 10.91)	+	(88.24 - 9.142) )	/ 2 )
	=	-12.54	/	( ( 80.905	+	79.098 )	/ 2 )
	=	-12.54	/	80.0015
	=	-15.67 %

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

Royal Helium (TSXV:RHC) 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.

Royal Helium ROCE % Related Terms

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Royal Helium (TSXV:RHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royal Helium Ltd (TSXV:RHC) » Definitions » ROCE %

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RHCCF:USA RD31:Germany

Address

224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. Its project includes Saskatchewan Helium Play Elements for Success.

Executives

John Styles

Deemed Insider - 6 Months before becoming Insider

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