Blue Sky Global Energy (TSXV:BGE) ROCE % : -90.17% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Blue Sky Global 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. Blue Sky Global Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -90.17%.

Blue Sky Global Energy ROCE % Historical Data

The historical data trend for Blue Sky Global 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.

* Premium members only.

Blue Sky Global Energy ROCE % Chart

Blue Sky Global Energy Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-9.27

-95.97

-149.11

Blue Sky Global Energy Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															154.55	-178.46	-22.10	-219.22	-90.17

Blue Sky Global Energy ROCE % Calculation

Blue Sky Global Energy'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 )
	=	-0.967	/	( ( (0.5 - 0.103)	+	(1.079 - 0.179) )	/ 2 )
	=	-0.967	/	( (0.397	+	0.9)	/ 2 )
	=	-0.967	/	0.6485
	=	-149.11 %

Blue Sky Global Energy'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 )
	=	-0.908	/	( ( (1.226 - 0.112)	+	(1.079 - 0.179) )	/ 2 )
	=	-0.908	/	( ( 1.114	+	0.9 )	/ 2 )
	=	-0.908	/	1.007
	=	-90.17 %

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

Blue Sky Global Energy (TSXV:BGE) 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.

Blue Sky Global Energy ROCE % Related Terms

Thank you for viewing the detailed overview of Blue Sky Global Energy's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Blue Sky Global Energy (TSXV:BGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Sky Global Energy Corp (TSXV:BGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 6000, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E2

Website

Blue Sky Global Energy Corp operates as an oil and gas exploration company. The Company explores oil and gas resources located in the Corozal Basin, Belize.

Blue Sky Global Energy (TSXV:BGE) Headlines

No Headlines