Bolt Metals (XCNQ:BOLT) ROC % : -333.05% (As of Sep. 2024)

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What is Bolt Metals ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Bolt Metals's annualized return on capital (ROC %) for the quarter that ended in Sep. 2024 was -333.05%.

As of today (2024-12-14), Bolt Metals's WACC % is 8.17%. Bolt Metals's ROC % is -144.64% (calculated using TTM income statement data). Bolt Metals earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Bolt Metals ROC % Historical Data

The historical data trend for Bolt Metals's ROC % 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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Bolt Metals ROC % Chart

Bolt Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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-401.45

-330.52

-155.91

-144.91

-123.15

Bolt Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
ROC %	Get a 7-Day Free Trial															-114.85	-116.54	-143.28	-95.20	-333.05

Bolt Metals ROC % Calculation

Bolt Metals's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	-0.617 * ( 1 - 0% )	/	( (0.505	+	0.497)	/ 2 )
=	-0.617	/	0.501
=	-123.15 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.383	-	1.004	-	( 0.153	-	max(0, 1.342	-	0.216	+	0.153	))
=	0.505

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.293	-	1.265	-	( 0.07	-	max(0, 1.596	-	0.127	+	0.07	))
=	0.497

Bolt Metals's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	-1.96 * ( 1 - 0% )	/	( (0.503	+	0.674)	/ 2 )
=	-1.96	/	0.5885
=	-333.05 %

where

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.25	-	1.355	-	( 0.036	-	max(0, 1.694	-	0.086	+	0.036	))
=	0.503

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.794	-	0.588	-	( 0.247	-	max(0, 0.926	-	0.458	+	0.247	))
=	0.674

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

Bolt Metals (XCNQ:BOLT) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Bolt Metals's WACC % is 8.17%. Bolt Metals's ROC % is -144.64% (calculated using TTM income statement data). Bolt Metals earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Bolt Metals ROC % Related Terms

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Bolt Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bolt Metals Corp (XCNQ:BOLT) » Definitions » ROC %

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PCRCF:USA 6460:Germany 6460:Germany 6460:Germany

Address

Bellevue Centre, 235 - 15th Street, Suite 300, West Vancouver, Vancouver, BC, CAN, V7T 2X1

Website

https://www.boltmetals.com

Bolt Metals Corp is engaged in the acquisition and exploration of mineral exploration and evaluation assets in Indonesia. The company owns a nickel project named Cyclops located in Indonesia. It operates in a single reportable operating segment the Acquisition and exploration of exploration and evaluation assets located in Indonesia and Canada.

Executives