Redishred Capital (TSXV:KUT) ROCE % : -3.90% (As of Dec. 2023)

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What is Redishred Capital 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. Redishred Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.90%.

Redishred Capital ROCE % Historical Data

The historical data trend for Redishred Capital'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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Redishred Capital ROCE % Chart

Redishred Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.31

1.55

6.64

16.88

4.78

Redishred Capital 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															-1.01	10.03	0.09	9.32	-3.90

Redishred Capital ROCE % Calculation

Redishred Capital'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 )
	=	2.961	/	( ( (97.811 - 35.511)	+	(95.031 - 33.386) )	/ 2 )
	=	2.961	/	( (62.3	+	61.645)	/ 2 )
	=	2.961	/	61.9725
	=	4.78 %

Redishred Capital'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 )
	=	-2.768	/	( ( (97.953 - 17.632)	+	(95.031 - 33.386) )	/ 2 )
	=	-2.768	/	( ( 80.321	+	61.645 )	/ 2 )
	=	-2.768	/	70.983
	=	-3.90 %

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

Redishred Capital (TSXV:KUT) 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.

Redishred Capital ROCE % Related Terms

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Redishred Capital (TSXV:KUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redishred Capital Corp (TSXV:KUT) » Definitions » ROCE %

Comparable Companies

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RDCPF:USA

Address

2233 Argentia Road, Suite 202, Mississauga, ON, CAN, L5N 2X7

Website

https://www.proshred.com

Redishred Capital Corp is a company that manages and operates the Proshred brand and business platform in the United States and internationally. It operates the Proshred system under two business models, via franchising in the United States, and via direct ownership of shredding trucks and facilities in eight locations in the United States. The operating segments of the company are (1) the granting and managing of shredding business franchises under the "Proshred" trademark (Franchising and licensing), (2) the operation of the corporately owned shredding business (Corporate locations) and (3) supporting the franchises and corporately owned shredding businesses (Corporate).

Redishred Capital (TSXV:KUT) Headlines

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