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Banyan Gold (TSXV:BYN) ROCE % : -12.35% (As of Dec. 2023)


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What is Banyan 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. Banyan Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.35%.

Banyan Gold ROCE % Historical Data

The historical data trend for Banyan 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.

* Premium members only.

Banyan Gold ROCE % Chart

Banyan Gold Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.90 -8.08 -9.33 -8.08 -6.58

Banyan Gold Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.40 -5.87 -3.41 -9.69 -12.35

Banyan Gold ROCE % Calculation

Banyan Gold's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2022 )  (A: Sep. 2021 )(A: Sep. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2022 )  (A: Sep. 2021 )(A: Sep. 2022 )
=-2.55/( ( (32.02 - 1.072) + (48.361 - 1.812) )/ 2 )
=-2.55/( (30.948+46.549)/ 2 )
=-2.55/38.7485
=-6.58 %

Banyan Gold'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: Jun. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=-6.028/( ( (59.423 - 10.438) + (57.793 - 9.178) )/ 2 )
=-6.028/( ( 48.985 + 48.615 )/ 2 )
=-6.028/48.8
=-12.35 %

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

* 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.

Banyan Gold  (TSXV:BYN) 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.

Banyan Gold ROCE % Related Terms

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Banyan Gold (TSXV:BYN) Business Description

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Traded in Other Exchanges
BYAGF:USA BAJ:Germany
Address
166 Cougarstone Crescent SW, Calgary, AB, CAN, T3H 4Z5
Website
https://www.banyangold.com
Banyan Gold Corp is a mining company based in Canada. It is mainly engaged in the acquisition, discovery, and development of mineral properties. The company holds an interest in Hyland Gold Project which is located in the Watson Lake Mining District in southeast Yukon, Aurex-McQuesten Gold Project which is located in the Mayo Mining district and Nitra claims.