Belo Sun Mining (Belo Sun Mining) ROCE %

: -93.06% (As of Dec. 2023)

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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. Belo Sun Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -93.06%.

Belo Sun Mining ROCE % Historical Data

The historical data trend for Belo Sun Mining'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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Belo Sun Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-13.68

-10.53

-12.74

-31.54

-35.79

Belo Sun Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-18.61	-12.63	-18.63	-20.41	-93.06

Belo Sun Mining ROCE % Calculation

Belo Sun Mining'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 )
	=	-7.988	/	( ( (27.042 - 1.104)	+	(19.982 - 1.282) )	/ 2 )
	=	-7.988	/	( (25.938	+	18.7)	/ 2 )
	=	-7.988	/	22.319
	=	-35.79 %

Belo Sun Mining'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 )
	=	-19.664	/	( ( (24.852 - 1.29)	+	(19.982 - 1.282) )	/ 2 )
	=	-19.664	/	( ( 23.562	+	18.7 )	/ 2 )
	=	-19.664	/	21.131
	=	-93.06 %

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

Belo Sun Mining (OTCPK:BSXGF) 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.

Belo Sun Mining ROCE % Related Terms

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Belo Sun Mining (Belo Sun Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Belo Sun Mining Corp (OTCPK:BSXGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VE7:Germany BSX:Canada

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.belosun.com

Belo Sun Mining Corp is a Canada-based gold exploration and development company. It operates in Canada where its head office is located and in Brazil where its exploration and development properties are located. The company owns and operates the Volta Grande Gold project.