BPM Minerals (ASX:BPM) ROCE % : -11.02% (As of Dec. 2023)

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What is BPM Minerals 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. BPM Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.02%.

BPM Minerals ROCE % Historical Data

The historical data trend for BPM Minerals'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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BPM Minerals ROCE % Chart

BPM Minerals Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-8.64

-20.84

-18.03

BPM Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-18.69	-19.47	-20.04	-15.45	-11.02

BPM Minerals ROCE % Calculation

BPM Minerals'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 )
	=	-1.85	/	( ( (11.48 - 0.291)	+	(9.544 - 0.206) )	/ 2 )
	=	-1.85	/	( (11.189	+	9.338)	/ 2 )
	=	-1.85	/	10.2635
	=	-18.03 %

BPM Minerals'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 )
	=	-1.01	/	( ( (9.544 - 0.206)	+	(9.101 - 0.115) )	/ 2 )
	=	-1.01	/	( ( 9.338	+	8.986 )	/ 2 )
	=	-1.01	/	9.162
	=	-11.02 %

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

BPM Minerals (ASX:BPM) 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.

BPM Minerals ROCE % Related Terms

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BPM Minerals (ASX:BPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BPM Minerals Ltd (ASX:BPM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.bpmminerals.com

BPM Minerals Ltd is a gold and base metal exploration company. The company has one operating segment being mineral exploration and evaluation in Australia and Its projects are Santy Project, Nepean Project, Hawkins Project, and Claw Project.

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