Rimfire Pacific Mining (ASX:RIM) ROCE % : -8.39% (As of Dec. 2023)

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What is Rimfire Pacific Mining 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. Rimfire Pacific Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.39%.

Rimfire Pacific Mining ROCE % Historical Data

The historical data trend for Rimfire Pacific Mining'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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Rimfire Pacific Mining ROCE % Chart

Rimfire Pacific Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-6.40

-7.18

-6.56

-7.56

-10.32

Rimfire Pacific Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-6.74	-8.46	9.37	-29.88	-8.39

Rimfire Pacific Mining ROCE % Calculation

Rimfire Pacific Mining's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.653	/	( ( (16.277 - 0.591)	+	(16.96 - 0.599) )	/ 2 )
	=	-1.653	/	( (15.686	+	16.361)	/ 2 )
	=	-1.653	/	16.0235
	=	-10.32 %

Rimfire Pacific Mining'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.426	/	( ( (16.96 - 0.599)	+	(18.059 - 0.438) )	/ 2 )
	=	-1.426	/	( ( 16.361	+	17.621 )	/ 2 )
	=	-1.426	/	16.991
	=	-8.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Rimfire Pacific Mining (ASX:RIM) 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.

Rimfire Pacific Mining ROCE % Related Terms

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Rimfire Pacific Mining (ASX:RIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rimfire Pacific Mining Ltd (ASX:RIM) » Definitions » ROCE %

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Address

1 Queens Road, Suite 142, St Kilda Rd Towers, Melbourne, VIC, AUS, 3004

Website

https://www.rimfire.com.au

Rimfire Pacific Mining Ltd is engaged in the exploration and evaluation of mineral deposits. The exploration project is located in the Lachlan Transverse Zone. Geographically, it operates only in Australia. It holds interest in four projects in the Lachlan Fold Belt namely Valley Project; Cowal Project; Fifield Project; and Avondale Project. It also holds one project namely Green View Project in the Willyama Supergroup in New South Wales.

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