Red Rock Resources (LSE:RRR) ROCE % : -15.92% (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Red Rock 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. Red Rock Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.92%.

Red Rock Resources ROCE % Historical Data

The historical data trend for Red Rock 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.

* Premium members only.

Red Rock Resources ROCE % Chart

Red Rock Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-14.87

45.85

-10.07

-15.40

-14.57

Red Rock Resources 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															-15.12	-16.38	-14.27	-15.38	-15.92

Red Rock Resources ROCE % Calculation

Red Rock Resources'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 )
	=	-2.34	/	( ( (18.752 - 2.397)	+	(19.171 - 3.399) )	/ 2 )
	=	-2.34	/	( (16.355	+	15.772)	/ 2 )
	=	-2.34	/	16.0635
	=	-14.57 %

Red Rock 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: 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 )
	=	-2.478	/	( ( (19.171 - 3.399)	+	(19.105 - 3.74) )	/ 2 )
	=	-2.478	/	( ( 15.772	+	15.365 )	/ 2 )
	=	-2.478	/	15.5685
	=	-15.92 %

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

Red Rock Resources (LSE:RRR) 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.

Red Rock Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Red Rock Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Red Rock Resources (LSE:RRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Rock Resources PLC (LSE:RRR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

R2TA:Germany

Address

71-91 Aldwych House, London, GBR, WC2B 4HN

Website

https://www.rrrplc.com

Red Rock Resources PLC is a natural resource exploration and development company. It is involved in the exploration and development of oil and gas, gold, and multi-commodity natural resource assets and also manages the portfolio of assets globally. The company's segments are Investments, Gold Exploration Australia, Gold Exploration Kenya, Copper Exploration DRC, Copper and unallocated. Its geographical segments include the UK, Australia, and Africa.