Blende Silver (TSXV:BAG) ROCE % : -2.87% (As of Feb. 2024)

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What is Blende 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. Blende Silver's annualized ROCE % for the quarter that ended in Feb. 2024 was -2.87%.

Blende Silver ROCE % Historical Data

The historical data trend for Blende 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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Blende Silver ROCE % Chart

Blende Silver Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-59.47

-34.54

-8.57

-11.71

-11.89

Blende Silver Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-7.16	-10.48	9.91	-39.84	-2.87

Blende Silver ROCE % Calculation

Blende Silver's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-0.321	/	( ( (3.334 - 0.459)	+	(3.21 - 0.687) )	/ 2 )
	=	-0.321	/	( (2.875	+	2.523)	/ 2 )
	=	-0.321	/	2.699
	=	-11.89 %

Blende Silver's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.072	/	( ( (3.21 - 0.687)	+	(3.208 - 0.705) )	/ 2 )
	=	-0.072	/	( ( 2.523	+	2.503 )	/ 2 )
	=	-0.072	/	2.513
	=	-2.87 %

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

Blende Silver (TSXV:BAG) 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.

Blende Silver ROCE % Related Terms

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Blende Silver (TSXV:BAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blende Silver Corp (TSXV:BAG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BCW1:Germany

Address

804 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.blindcreekresources.com

Blende Silver Corp is an exploration-stage junior mining company. The company is focused on silver-zinc-lead project acquisition, exploration, and development. It holds interests in the Blende Property and AB Property. It has one reportable segment, the acquisition and exploration of mineral properties, all of which occur in Canada.

Executives

Dale Dobson

Senior Officer

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