Running Fox Resource (TSXV:RUN.H) ROCE % : -88.89% (As of Feb. 2024)

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What is Running Fox Resource 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. Running Fox Resource's annualized ROCE % for the quarter that ended in Feb. 2024 was -88.89%.

Running Fox Resource ROCE % Historical Data

The historical data trend for Running Fox Resource'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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Running Fox Resource ROCE % Chart

Running Fox Resource Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-24.56

-30.24

-29.47

-38.53

-43.44

Running Fox Resource Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-94.28	-123.38	-199.16	343.96	-88.89

Running Fox Resource ROCE % Calculation

Running Fox Resource's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.101	/	( ( (0.345 - 0.01)	+	(0.133 - 0.003) )	/ 2 )
	=	-0.101	/	( (0.335	+	0.13)	/ 2 )
	=	-0.101	/	0.2325
	=	-43.44 %

Running Fox Resource's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.16	/	( ( (0.133 - 0.003)	+	(0.272 - 0.042) )	/ 2 )
	=	-0.16	/	( ( 0.13	+	0.23 )	/ 2 )
	=	-0.16	/	0.18
	=	-88.89 %

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

Running Fox Resource (TSXV:RUN.H) 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.

Running Fox Resource ROCE % Related Terms

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Running Fox Resource (TSXV:RUN.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Running Fox Resource Corp (TSXV:RUN.H) » Definitions » ROCE %

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RFXRF:USA C8Q:Germany

Address

8148 Carr Crescent, Arvada, CO, USA, 80005

Website

https://www.runningfoxresource.com

Running Fox Resource Corp is in the business of reviewing, optioning, or acquiring suitable projects and developing those projects for eventual cash flow in Canada and the United States of America.

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