Ballymore Resources (ASX:BMR) ROCE % : -6.55% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Ballymore Resources 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. Ballymore Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.55%.

Ballymore Resources ROCE % Historical Data

The historical data trend for Ballymore Resources'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.

Ballymore Resources ROCE % Chart

Ballymore Resources Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-7.34

-8.28

-9.45

Ballymore Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-7.51	-8.85	-6.81	-6.55	-12.59

Ballymore Resources ROCE % Calculation

Ballymore Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.943	/	( ( (10.37 - 0.371)	+	(13.185 - 0.416) )	/ 2 )
	=	-0.943	/	( (9.999	+	12.769)	/ 2 )
	=	-0.943	/	11.384
	=	-8.28 %

Ballymore Resources'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 )
	=	-0.934	/	( ( (13.185 - 0.416)	+	(16.142 - 0.376) )	/ 2 )
	=	-0.934	/	( ( 12.769	+	15.766 )	/ 2 )
	=	-0.934	/	14.2675
	=	-6.55 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ballymore Resources (ASX:BMR) 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.

Ballymore Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Ballymore Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ballymore Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ballymore Resources Ltd (ASX:BMR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Market Street, Level 6, Suite 606, Brisbane, QLD, AUS, 4000

Website

https://www.ballymoreresources.com

Ballymore Resources Ltd is an exploration and development company. It is engaged in gold and base metal exploration in Queensland. Its assets are the Dittmer project, the Ruddygore project, the Ravenswood project, Mount Molloy project.