Bubalus Resources (ASX:BUS) ROCE % : -10.90% (As of Dec. 2023)

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What is Bubalus 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. Bubalus Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.90%.

Bubalus Resources ROCE % Historical Data

The historical data trend for Bubalus 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.

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Bubalus Resources ROCE % Chart

Bubalus Resources Annual Data

Trend

Jun23

ROCE %

-16.21

Bubalus Resources Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-21.63	-9.86	-10.90

Bubalus Resources ROCE % Calculation

Bubalus 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: . 20 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: . 20 )		(A: Jun. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Bubalus 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 )
	=	-0.516	/	( ( (4.787 - 0.141)	+	(5.037 - 0.215) )	/ 2 )
	=	-0.516	/	( ( 4.646	+	4.822 )	/ 2 )
	=	-0.516	/	4.734
	=	-10.90 %

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

Bubalus Resources (ASX:BUS) 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.

Bubalus Resources ROCE % Related Terms

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Bubalus Resources (ASX:BUS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.bubalusresources.com.au

Bubalus Resources Ltd engages in acquiring, exploring, evaluating, and exploiting mineral resource projects. It is focused on the exploration and development of the Amadeus Project (prospective for Manganese), the Coomarie Project (prospective for Heavy Rare Earths), the Nolans East Project (prospective for Light Rare Earths), and the Pargee Project (prospective for Heavy Rare Earths), which are located in geological provinces in the Northern Territory and Western Australia.

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