BWE Drilling (ASX:BWE) ROCE %: -15.30% (As of Dec. 2024)


ASX:BWE BWE Drilling Ltd ASX:BWE
30 GF Score
Price A$0.28
View Full Analysis

What is BWE Drilling ROCE %?

BWE Drilling ASX:BWE 30 ROCE % is -15.30% as of Dec. 2024. GuruFocus rates ASX:BWE with a GF Score™ of 30/100.

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. BWE Drilling's annualized ROCE % for the quarter that ended in Dec. 2024 was -15.30%.

BWE Drilling  (ASX:BWE) 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.

BWE Drilling ROCE % Related Terms

BWE Drilling ROCE % Historical Data

* Premium members only.

The historical data trend for BWE Drilling'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.

BWE Drilling ROCE % Chart

BWE Drilling Annual Data
Trend Jun21 Jun22 Jun23 Jun24
ROCE %
14.92 11.71 2.82 -17.49

BWE Drilling Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % Get a 7-Day Free Trial Premium Member Only -8.44 12.15 2.73 -39.78 -15.30
ASX:BWE
30GF Score
BWE Drilling Ltd ASX:BWE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BWE Drilling ROCE % Calculation

BWE Drilling'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 )
=-10.695/( ( (105.908 - 28.883) + (79.541 - 34.292) )/ 2 )
=-10.695/( (77.025+45.249)/ 2 )
=-10.695/61.137
=-17.49 %

BWE Drilling'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 )
=-7.418/( ( (79.541 - 34.292) + (75.696 - 23.991) )/ 2 )
=-7.418/( ( 45.249 + 51.705 )/ 2 )
=-7.418/48.477
=-15.30 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -15.30% mean?
BWE Drilling (ASX:BWE) has a ROCE % of -15.30% as of Dec. 2024.
Is BWE Drilling's ROCE % too high?
BWE Drilling's current ROCE % is -15.30%. Overall, BWE Drilling has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does BWE Drilling's ROCE % compare to PWR and FIX?
BWE Drilling's ROCE % of -15.30% can be compared against companies in the Construction industry. The industry median ROCE % is 8.25. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Construction company?
The median ROCE % among Construction companies is 8.25, based on 1,754 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median ROCE % is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BWE Drilling's current ROCE % is -15.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BWE Drilling stock overvalued right now?
BWE Drilling (ASX:BWE) has a current ROCE % of -15.30%. The current ROCE % is -15.30%. BWE Drilling's overall GF Score™ is 30/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For BWE Drilling (ASX:BWE), the current ROCE % is -15.30% as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BWE Drilling Business Description

Address 76 Hasler Road, Level 2, Osborne Park, Perth, WA, AUS, 6017
BWE Drilling Ltd, formerly Dynamic Group Holdings Ltd is a supplier of drilling and blasting services to clients in the mining and construction sectors in Western Australia. It has extensive experience in areas of drilling and blasting, exploration and mine site resource definitions and grade control drilling, and water drilling, including deep artesian bores.
30GF Score

Get the complete analysis for ASX:BWE

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.28
Price