BTU Metals (BTU Metals) ROCE % : -6.76% (As of Jan. 2024)

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What is BTU Metals 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. BTU Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -6.76%.

BTU Metals ROCE % Historical Data

The historical data trend for BTU Metals'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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BTU Metals ROCE % Chart

BTU Metals Annual Data

Trend

Apr12

Apr13

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

ROCE %

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-132.29

-33.01

-18.42

-18.21

-6.67

BTU Metals Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-5.25	-5.49	-5.20	-6.53	-6.76

BTU Metals ROCE % Calculation

BTU Metals's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	-0.534	/	( ( (8.004 - 0.35)	+	(8.578 - 0.223) )	/ 2 )
	=	-0.534	/	( (7.654	+	8.355)	/ 2 )
	=	-0.534	/	8.0045
	=	-6.67 %

BTU Metals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.392	/	( ( (5.81 - 0.023)	+	(5.836 - 0.02) )	/ 2 )
	=	-0.392	/	( ( 5.787	+	5.816 )	/ 2 )
	=	-0.392	/	5.8015
	=	-6.76 %

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

BTU Metals (OTCPK:BTUMF) 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.

BTU Metals ROCE % Related Terms

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BTU Metals (BTU Metals) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BTU Metals Corp (OTCPK:BTUMF) » Definitions » ROCE %

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BTU:Canada

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.btumetals.com

BTU Metals Corp is a Canadian-based company engaged in the identifying, acquisition, and exploration of mineral property. Its Projects include Galway Gold Property, Dixie Halo East Project, Dixie Halo South Project, Dixie Halo Southeast Project, Dixie Halo Southeast Extension Project, and others.