Latest news with #RND
Yahoo
3 days ago
- Business
- Yahoo
Rand Mining's (ASX:RND) Returns On Capital Are Heading Higher
What are the early trends we should look for to identify a stock that could multiply in value over the long term? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Rand Mining (ASX:RND) and its trend of ROCE, we really liked what we saw. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Rand Mining: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = AU$13m ÷ (AU$108m - AU$4.4m) (Based on the trailing twelve months to December 2024). Thus, Rand Mining has an ROCE of 12%. On its own, that's a standard return, however it's much better than the 8.2% generated by the Metals and Mining industry. Check out our latest analysis for Rand Mining While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Rand Mining has performed in the past in other metrics, you can view this free graph of Rand Mining's past earnings, revenue and cash flow. What Does the ROCE Trend For Rand Mining Tell Us? Rand Mining has broken into the black (profitability) and we're sure it's a sight for sore eyes. While the business was unprofitable in the past, it's now turned things around and is earning 12% on its capital. Interestingly, the capital employed by the business has remained relatively flat, so these higher returns are either from prior investments paying off or increased efficiencies. That being said, while an increase in efficiency is no doubt appealing, it'd be helpful to know if the company does have any investment plans going forward. So if you're looking for high growth, you'll want to see a business's capital employed also increasing. In Conclusion... To bring it all together, Rand Mining has done well to increase the returns it's generating from its capital employed. Since the stock has only returned 18% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. So with that in mind, we think the stock deserves further research. One more thing, we've spotted 1 warning sign facing Rand Mining that you might find interesting. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Euractiv
09-07-2025
- Politics
- Euractiv
Germany's Merz: Alleged Chinese laser targeting of German aircraft ‘completely unacceptable'
BERLIN – German Chancellor Friedrich Merz denounced a Chinese warship's alleged use of a laser against a German military surveillance aircraft in the Red Sea as "completely unacceptable" on Wednesday afternoon, reiterating the anger from Berlin over the incident. Hours earlier, Chinese foreign ministry spokesperson Mao Ning denied the German allegations in remarks to reporters: "What Germany has said is fully inconsistent with the facts.' Merz noted that the Chinese ambassador had been summoned over the incident but that he had not yet been briefed on how China sought to explain the alleged encounter. Such an "attack" on a German aircraft requires clarification, Merz said at a joint afternoon press conference with NATO Secretary General Mark Rutte in Berlin. The incident allegedly occurred earlier this month, when a German military aircraft patrolling off the coast of Yemen as part of the EU's Aspides mission was targeted by a laser from a Chinese warship in the Red Sea. A spokesperson for the German ministry said the Chinese vessel acted without warning or reason, adding that the aircraft aborted its flight mission and diverted to a base in Djibouti. The Aspides mission is an EU maritime surveillance operation aimed at protecting the Red Sea shipping lanes from Houthi attacks that have disrupted a vital trade route for Europe. 'Putting German personnel at risk and disrupting the operation is completely unacceptable,' the German foreign ministry said in a post on X on Tuesday. German Foreign Minister Johann Wadephul said he was "more than irritated" over the incident in an interview published Wednesday by Germany's RND news outlet. "Such interference with our aircraft, as well as any other unprovoked endangerment of our units, is unacceptable," he said. Berlin's public accusations came just after Chinese Foreign Minister Wang Yi visited Berlin as part of a broader European tour. Chris Kremidas-Courtney, a senior visiting fellow at the European Policy Centre and an expert on hybrid threats, told Euractiv that the use of lasers is a common tactic employed by Beijing. In 2022, 'Chinese vessels used lasers to blind an Australian aircraft off the northern cost of Australia,' they said. According to Spiegel, a German naval frigate had previously been targeted by Chinese lasers while sailing through the Taiwan Strait in the autumn. The attack, which was intended to "blind" the vessel, was reported to Berlin but not publicly addressed by the German government at the time. Kremidas-Courtney said that pointing a laser at an aircraft disrupts the engine's reconnaissance and surveillance capabilities, and is commonly used as a 'harassment technique'. 'The question is, how will we respond to this escalation?' Kremidas-Courtney asked. This story was updated to include German Chancellor Friedrich Merz's remarks on the alleged incident. (bts, de)
Time of India
04-07-2025
- General
- Time of India
Ferry capsized at Chorao finally pulled out of water after 11 days
Panaji: The ferry boat called Betim, docked at Chorao island ramp, which was submerged since June 23, was safely pulled out of the water after 11 days. A preliminary inspection by the river navigation department (RND) showed that there was no puncture to the hull. The vessel was taken to the RND marine workshop for further inspection and repairs. 'Primary observations reveal that there is no major damage to the vessel,' RND director Vikram Rajebhosale told TOI . After several failed efforts to salvage the vessel using pontoons and even pumping out the water from its other rooms, the RND on Friday pressed a 50-tonne crane into service to salvage the partially submerged vessel. However, persistently high-water levels caused by heavy rainfall kept flooding the vessel's engine room. 'We managed to drain the water out of the engine room with the help of salvagers and a crane, following which the vessel was refloated,' Rajebhosale said. 'After repairs at the marine workshop, we will repaint the vessel, resurvey it, and put it back on the Chorao route within a month.' Preliminary investigations on the day it capsized suggested that the vessel sank due to rainwater accumulating in the tanks, which were not drained. The sudden flooding caused the ferry to lose stability and submerge near the Chorao jetty. On Wednesday, the RND crew succeeded in lifting the vessel by 5m and managed to drain water from most of the compartments. However, water trapped inside the engine room was a challenge as it required the ferry to be lifted further to allow proper pumping.
Time of India
03-07-2025
- Automotive
- Time of India
RoRo ferry fares notified, free rides for local pedestrians and two-wheeler users
Panaji: State govt has notified fee rates for the Ribandar-Chorao ferry route, with the new charges set to come into effect from July 7. The move comes even as the much-anticipated roll-on, roll-off (RoRo) ferries for the route are yet to be launched. The good news for daily commuters is that pedestrians and two-wheeler riders will continue to travel free of cost for their daily commute between Ribandar and Chorao. The river navigation department (RND) earlier proposed introducing fares for the two RoRo ferries planned for the busy route. As reported by TOI on June 13, the proposal included a fee of Rs 10 to be levied for two-wheeler users, but this has now been waived. 'The villagers appealed to us that since the majority of them travel using two-wheelers, it would not be feasible to pay the fare every day,' an RND official said. The official notification said that cars, three-wheelers, and four-wheelers will be charged Rs 30 per trip. Frequent users can opt for a monthly pass priced at Rs 900. Medium commercial vehicles and medium passenger vehicles will be charged Rs 100 per trip, with a monthly pass costing Rs 1,500. Heavy motor vehicles and heavy passenger vehicles weighing less than 10 tonnes will face a higher toll of Rs 400 per trip but can avail of a monthly pass for Rs 6,000. Cargo vehicles will be charged at Rs 50 per tonne. However, the free ride facility will not extend to tourists using the RoRo ferries. Tourists riding rental bikes will have to pay Rs 100 per trip, while those in rental cars will be charged Rs 300 per trip. Tourists looking for a joyride on the ferries will be charged a nominal Rs 50 per trip. 'The introduction of fees for private vehicles is aimed at generating revenue to maintain and improve ferry operations, especially with the launch of RoRo services,' the official said.
Time of India
30-06-2025
- Time of India
Chorao villagers seek fare relief on new RoRo ferry
Panaji: Chorao Island representatives met with the river navigation department (RND) officials to discuss the launch of RoRo (Roll-on/Roll-off) ferry services next week on the Chorao-Ribandar route. They raised concerns over the proposed fares. 'In the existing system, the ferry services are free for pedestrians and two-wheeler riders. However, we were informed that the new RoRo ferries will charge vehicle owners, owing to which, we have requested the RND through the Chorao panchayat to give us some relief,' a villager said. Ferry travel is free for pedestrians and two-wheelers, and four-wheelers will be charged Rs 30 and Rs 15 with a pass. Rent-a-cars will be charged Rs 100, while tourist vehicles will be charged Rs 300. Tourists who take joy rides will be charged Rs 50 per day. The pass will be managed via a special app costing Rs 900 per month. The RND assured villagers that the pass system will allow multiple daily trips. The villagers agreed and also supported the RND charging tourists a higher fare for the rides, as well as demanding that the contact details of all RND officials be displayed on RoRos for passenger convenience. 'The RoRo has an air-conditioned passenger cabin. We are, therefore, expecting tourist footfalls aboard the ferry, especially since many tourists tend to take the ferry merely to enjoy the ride,' said RND director, Vikram Rajebhosale. The two RoRo ferries will operate from 7am to 9pm, while three regular ferryboats will ply from 9pm to 7am. The travel time on the ferry route has been reduced from 25 to 13 minutes.
