Bellavista Resources (ASX:BVR) ROCE % : -20.79% (As of Dec. 2024)

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What is Bellavista 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. Bellavista Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -20.79%.

Bellavista Resources ROCE % Historical Data

The historical data trend for Bellavista 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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Bellavista Resources ROCE % Chart

Bellavista Resources Annual Data

Trend

Jun23

Jun24

ROCE %

-23.46

-35.74

Bellavista Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	-19.90	-23.81	-22.21	-44.31	-20.79

Bellavista Resources ROCE % Calculation

Bellavista Resources'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 )
	=	-2.056	/	( ( (6.668 - 0.934)	+	(6.104 - 0.332) )	/ 2 )
	=	-2.056	/	( (5.734	+	5.772)	/ 2 )
	=	-2.056	/	5.753
	=	-35.74 %

Bellavista Resources'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 )
	=	-1.664	/	( ( (6.104 - 0.332)	+	(10.383 - 0.145) )	/ 2 )
	=	-1.664	/	( ( 5.772	+	10.238 )	/ 2 )
	=	-1.664	/	8.005
	=	-20.79 %

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

Bellavista Resources (ASX:BVR) 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.

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Bellavista Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.bellavistaresources.com

Bellavista Resources Ltd is an early-stage Australian mineral exploration company. Its projects include the Brumby Deposit, Vernon Base Metals, Vernon Nickel-PGE and Gorge Creek which are prospective for zinc, copper, silver, PGE and uranium deposits.

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