Bayhorse Silver (FRA:7KXN) ROCE % : -227.99% (As of Dec. 2023)

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What is Bayhorse Silver 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. Bayhorse Silver's annualized ROCE % for the quarter that ended in Dec. 2023 was -227.99%.

Bayhorse Silver ROCE % Historical Data

The historical data trend for Bayhorse Silver'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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Bayhorse Silver ROCE % Chart

Bayhorse Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-149.22

-99.81

Bayhorse Silver Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-10.71	-123.36	-43.96	-128.52	-227.99

Bayhorse Silver ROCE % Calculation

Bayhorse Silver'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 )
	=	-0.794	/	( ( (1.752 - 0.873)	+	(1.72 - 1.008) )	/ 2 )
	=	-0.794	/	( (0.879	+	0.712)	/ 2 )
	=	-0.794	/	0.7955
	=	-99.81 %

Bayhorse Silver's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.352	/	( ( (1.573 - 1.099)	+	(1.72 - 1.008) )	/ 2 )
	=	-1.352	/	( ( 0.474	+	0.712 )	/ 2 )
	=	-1.352	/	0.593
	=	-227.99 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Bayhorse Silver (FRA:7KXN) 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.

Bayhorse Silver ROCE % Related Terms

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Bayhorse Silver (FRA:7KXN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bayhorse Silver Inc (FRA:7KXN) » Definitions » ROCE %

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BHSIF:USA BHS:Canada

Address

4628 Rumble Street, Burnaby, BC, CAN, V5J 2A7

Website

http://www.bayhorsesilver.com

Bayhorse Silver Inc is a mineral exploration company. The company is engaged in the acquisition and exploration of mineral property interests. It manages and develops gold and silver, base metals and coal mineralization. The company's operations and assets are located in Canada and the USA. Some of the company's projects are Bayhorse Silver Mine Property and Brandywine.

Bayhorse Silver (FRA:7KXN) Headlines

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