Ridgestone Mining (FRA:4U50) ROCE % : -22.96% (As of Jun. 2024)

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What is Ridgestone 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. Ridgestone Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was -22.96%.

Ridgestone Mining ROCE % Historical Data

The historical data trend for Ridgestone 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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Ridgestone Mining ROCE % Chart

Ridgestone Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-90.48

-134.19

-99.28

-23.31

-103.97

Ridgestone Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-167.56	-12.36	-287.32	-29.95	-22.96

Ridgestone Mining ROCE % Calculation

Ridgestone Mining'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 )
	=	-1.153	/	( ( (1.926 - 0.486)	+	(1.074 - 0.296) )	/ 2 )
	=	-1.153	/	( (1.44	+	0.778)	/ 2 )
	=	-1.153	/	1.109
	=	-103.97 %

Ridgestone Mining's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.16	/	( ( (1.01 - 0.292)	+	(0.975 - 0.299) )	/ 2 )
	=	-0.16	/	( ( 0.718	+	0.676 )	/ 2 )
	=	-0.16	/	0.697
	=	-22.96 %

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

Ridgestone Mining (FRA:4U50) 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.

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Ridgestone Mining Business Description

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RIGMF:USA RMI:Canada

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

https://www.ridgestonemining.com

Ridgestone Mining Inc is a mining company. The Company's business plan is to acquire, explore and develop mineral properties and ultimately seek earnings by exploiting mineral claims. It is engaged in the business of exploration of mineral properties in North America. It holds an interest in Cimarron gold property, Rebeico Property, Guadalupe y Calvo Property, and Alaska Property.

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