Battle North Gold (Battle North Gold) ROCE % : -63.11% (As of Mar. 2021)

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What is Battle North 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. Battle North Gold's annualized ROCE % for the quarter that ended in Mar. 2021 was -63.11%.

Battle North Gold ROCE % Historical Data

The historical data trend for Battle North 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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Battle North Gold ROCE % Chart

Battle North Gold Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-41.39

-61.50

-69.89

-56.03

Battle North Gold Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
ROCE %	Get a 7-Day Free Trial															-75.24	-70.00	-29.12	-52.24	-63.11

Battle North Gold ROCE % Calculation

Battle North Gold's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	-18.433	/	( ( (28.047 - 11.933)	+	(53.771 - 4.087) )	/ 2 )
	=	-18.433	/	( (16.114	+	49.684)	/ 2 )
	=	-18.433	/	32.899
	=	-56.03 %

Battle North Gold's ROCE % of for the quarter that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2021 )		(Q: Dec. 2020 )		(Q: Mar. 2021 )
	=	-29.576	/	( ( (53.771 - 4.087)	+	(48.794 - 4.756) )	/ 2 )
	=	-29.576	/	( ( 49.684	+	44.038 )	/ 2 )
	=	-29.576	/	46.861
	=	-63.11 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2021) EBIT data.

Battle North Gold (OTCPK:BNAUF) 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.

Battle North Gold ROCE % Related Terms

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Battle North Gold (Battle North Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battle North Gold Corp (OTCPK:BNAUF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

121 King Street West, Suite 830, Toronto, ON, CAN, M5H 3T9

Website

http://www.battlenorthgold.com

Battle North Gold Corp is an exploration company focused on gold mining. The company's projects include Bateman Gold Project, Red Lake Properties, Nevada Properties, and others.

Executives

Robert Ross Mcewen	other: See Footnote (1)	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Lexam Explorations (u.s.a.) Inc.	other: See Footnote (1) below	99 GEORGE 3RD FLOOR TORONTO A6 M5A 2N4
Evanachan Ltd	10 percent owner, other: See Footnote (1)	99 GEORGE ST. 3RD FLOOR TORONTO A6 M5A 2N4
Mcewen Trading Lp	other: See Footnote (1)	99 GEORGE ST. 3RD FLOOR TORONTO A6 M5A 2N4