Rex Resources (TSXV:OWN) ROCE % : -210.53% (As of Dec. 2023)

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What is Rex 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. Rex Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -210.53%.

Rex Resources ROCE % Historical Data

The historical data trend for Rex 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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Rex Resources ROCE % Chart

Rex Resources Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

ROCE %

-62.54

-36.17

-52.00

Rex Resources Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-1.52	-37.67	-33.02	-108.05	-210.53

Rex Resources ROCE % Calculation

Rex Resources's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.234	/	( ( (0.832 - 0.04)	+	(0.322 - 0.214) )	/ 2 )
	=	-0.234	/	( (0.792	+	0.108)	/ 2 )
	=	-0.234	/	0.45
	=	-52.00 %

Rex 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 )
	=	-0.18	/	( ( (0.322 - 0.214)	+	(0.302 - 0.239) )	/ 2 )
	=	-0.18	/	( ( 0.108	+	0.063 )	/ 2 )
	=	-0.18	/	0.0855
	=	-210.53 %

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

Rex Resources (TSXV:OWN) 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.

Rex Resources ROCE % Related Terms

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Rex Resources (TSXV:OWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rex Resources Corp (TSXV:OWN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN, V7X 1M5

Website

https://www.rexresourcescorp.com/

Rex Resources Corp is a natural resource company engaged in the mineral exploration activities in British Columbia, Canada. The Company operates in one business segment being the exploration and development of resource properties.

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