BMEX Gold (TSXV:BMEX) ROCE % : -2.60% (As of Feb. 2024)

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What is BMEX Gold 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. BMEX Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was -2.60%.

BMEX Gold ROCE % Historical Data

The historical data trend for BMEX Gold'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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BMEX Gold ROCE % Chart

BMEX Gold Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-59.81

-151.20

-43.19

-6.57

-3.93

BMEX Gold 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															-5.48	-2.74	-2.91	-3.62	-2.60

BMEX Gold ROCE % Calculation

BMEX Gold's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.548	/	( ( (14.197 - 0.589)	+	(14.914 - 0.62) )	/ 2 )
	=	-0.548	/	( (13.608	+	14.294)	/ 2 )
	=	-0.548	/	13.951
	=	-3.93 %

BMEX Gold'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 )
	=	-0.372	/	( ( (14.804 - 0.555)	+	(14.995 - 0.663) )	/ 2 )
	=	-0.372	/	( ( 14.249	+	14.332 )	/ 2 )
	=	-0.372	/	14.2905
	=	-2.60 %

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

BMEX Gold (TSXV:BMEX) 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.

BMEX Gold ROCE % Related Terms

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BMEX Gold (TSXV:BMEX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BMEX Gold Inc (TSXV:BMEX) » Definitions » ROCE %

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MRIRF:USA 8M0:Germany

Address

1177 W Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.bmexgold.com

BMEX Gold Inc is a junior Canadian mining exploration company with the objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. It is fully focused on earning interest in its two projects, both located in the prolific Abitibi greenstone belt namely King Tut Gold Property, and Dunlop Bay Gold Property. It is engaged in the exploration and evaluation of mineral properties in Canada.

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