Black Canyon (ASX:BCA) ROCE % : -11.60% (As of Dec. 2024)

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What is Black Canyon 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. Black Canyon's annualized ROCE % for the quarter that ended in Dec. 2024 was -11.60%.

Black Canyon ROCE % Historical Data

The historical data trend for Black Canyon'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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Black Canyon ROCE % Chart

Black Canyon Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-16.94

-19.78

-31.75

-43.16

Black Canyon Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial				-29.73	-34.79	-15.15	-59.55	-11.60

Black Canyon ROCE % Calculation

Black Canyon's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-2.507	/	( ( (6.145 - 0.541)	+	(6.266 - 0.252) )	/ 2 )
	=	-2.507	/	( (5.604	+	6.014)	/ 2 )
	=	-2.507	/	5.809
	=	-43.16 %

Black Canyon's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-0.746	/	( ( (6.266 - 0.252)	+	(7.175 - 0.33) )	/ 2 )
	=	-0.746	/	( ( 6.014	+	6.845 )	/ 2 )
	=	-0.746	/	6.4295
	=	-11.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Black Canyon (ASX:BCA) 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.

Black Canyon ROCE % Related Terms

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Black Canyon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Canyon Ltd (ASX:BCA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

283 Rokeby Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.blackcanyon.com.au

Black Canyon Ltd is engaged in exploring and developing mineral deposits in Australia and overseas, with a focus on base metals. Its Carawine Project contains exploration tenements prospective for manganese and copper. It is also engaged in the Braeside, Oakover East, and Oakover West Projects, all part of the Carawine JV. The Braeside tenement contains high-grade hydrothermal manganese mineralisation at Woodie Woodie. Geographically, the company operates within Australia.

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