Bow Lake Capital (TSXV:BLCC.P) ROCE % : -9.89% (As of Mar. 2024)

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What is Bow Lake Capital 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. Bow Lake Capital's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.89%.

Bow Lake Capital ROCE % Historical Data

The historical data trend for Bow Lake Capital'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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Bow Lake Capital ROCE % Chart

Bow Lake Capital Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-31.01

-7.65

Bow Lake Capital Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						-8.62	-14.96	-1.78	-5.35	-9.89

Bow Lake Capital ROCE % Calculation

Bow Lake Capital'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 )
	=	-0.035	/	( ( (0.472 - 0.005)	+	(0.454 - 0.006) )	/ 2 )
	=	-0.035	/	( (0.467	+	0.448)	/ 2 )
	=	-0.035	/	0.4575
	=	-7.65 %

Bow Lake Capital's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.044	/	( ( (0.454 - 0.006)	+	(0.445 - 0.003) )	/ 2 )
	=	-0.044	/	( ( 0.448	+	0.442 )	/ 2 )
	=	-0.044	/	0.445
	=	-9.89 %

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

Bow Lake Capital (TSXV:BLCC.P) 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.

Bow Lake Capital ROCE % Related Terms

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Bow Lake Capital (TSXV:BLCC.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bow Lake Capital Corp (TSXV:BLCC.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 - 5th Avenue SW, 300 Roslyn Building, Calgary, AB, CAN, T2P 0L6

Website

Bow Lake Capital Corp is a capital pool company.

Bow Lake Capital (TSXV:BLCC.P) Headlines

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