Burgundy Diamond Mines (ASX:BDM) ROCE % : 8.32% (As of Jun. 2024)

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What is Burgundy Diamond Mines 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. Burgundy Diamond Mines's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.32%.

Burgundy Diamond Mines ROCE % Historical Data

The historical data trend for Burgundy Diamond Mines'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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Burgundy Diamond Mines ROCE % Chart

Burgundy Diamond Mines Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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-113.82

-45.38

-97.64

-421.15

-90.79

Burgundy Diamond Mines Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-30.57	-52.80	-18.63	13.09	8.32

Burgundy Diamond Mines ROCE % Calculation

Burgundy Diamond Mines's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-16.124	/	( ( (1.746 - 0.345)	+	(36.073 - 1.954) )	/ 2 )
	=	-16.124	/	( (1.401	+	34.119)	/ 2 )
	=	-16.124	/	17.76
	=	-90.79 %

Burgundy Diamond Mines's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	66.908	/	( ( (996.476 - 183.911)	+	(933.179 - 136.683) )	/ 2 )
	=	66.908	/	( ( 812.565	+	796.496 )	/ 2 )
	=	66.908	/	804.5305
	=	8.32 %

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

Burgundy Diamond Mines (ASX:BDM) 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.

Burgundy Diamond Mines ROCE % Related Terms

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Burgundy Diamond Mines Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Burgundy Diamond Mines Ltd (ASX:BDM) » Definitions » ROCE %

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BDMMF:USA

Address

108 Street Georges Terrace, Level 25 , South 32 Tower, Perth, WA, AUS, 6000

Website

https://www.burgundy-diamonds.com

Burgundy Diamond Mines Ltd is an Australian diamond exploration company. The company holds interests in the Naujaat property, Ekati mine, and other operations. The Group's reportable segments comprise Rough Diamond and Polished Diamond. The company generates maximum revenue from Rough Diamonds.

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