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Black Mountain Energy (ASX:BME) ROCE % : -7.73% (As of Jun. 2023)


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What is Black Mountain Energy 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. Black Mountain Energy's annualized ROCE % for the quarter that ended in Jun. 2023 was -7.73%.

Black Mountain Energy ROCE % Historical Data

The historical data trend for Black Mountain Energy'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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Black Mountain Energy ROCE % Chart

Black Mountain Energy Annual Data
Trend Dec22
ROCE %
-13.28

Black Mountain Energy Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
ROCE % -2.54 -10.74 -14.32 -7.73

Black Mountain Energy ROCE % Calculation

Black Mountain Energy's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: . 20 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: . 20 )(A: Dec. 2022 )
=/( ( ( - ) + ( - ) )/ )
=/( (+)/ )
=/
= %

Black Mountain Energy's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=-3.724/( ( (48.013 - 0.699) + (49.521 - 0.484) )/ 2 )
=-3.724/( ( 47.314 + 49.037 )/ 2 )
=-3.724/48.1755
=-7.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

* 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.

Black Mountain Energy  (ASX:BME) 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.

Black Mountain Energy ROCE % Related Terms

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Black Mountain Energy (ASX:BME) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Mountain Energy Ltd (ASX:BME) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 14, Perth, WA, AUS, 6000
Website
https://www.blackmountainenergy.com
Black Mountain Energy Ltd is an energy and resources company focused on identifying, developing, and operating projects in hydrocarbon-rich basins. It is involved in the acquisition and development of natural resource projects and exploration for, and production of oil and gas. The firm is involved in the Valhalla Project located in the north of Perth.