BBCMF (Blackbird Critical Metals) ROCE % : -19.41% (As of Oct. 2024)

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What is Blackbird Critical Metals 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. Blackbird Critical Metals's annualized ROCE % for the quarter that ended in Oct. 2024 was -19.41%.

Blackbird Critical Metals ROCE % Historical Data

The historical data trend for Blackbird Critical Metals'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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Blackbird Critical Metals ROCE % Chart

Blackbird Critical Metals Annual Data

Trend

Jan21

Jan22

ROCE %

-0.99

-17.21

Blackbird Critical Metals Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial								-48.38	-80.82	-35.70	-13.68	-19.41

Blackbird Critical Metals ROCE % Calculation

Blackbird Critical Metals's annualized ROCE % for the fiscal year that ended in Jan. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2022 )		(A: Jan. 2021 )		(A: Jan. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2022 )		(A: Jan. 2021 )		(A: Jan. 2022 )
	=	-0.074	/	( ( (0.41 - 0.006)	+	(0.497 - 0.041) )	/ 2 )
	=	-0.074	/	( (0.404	+	0.456)	/ 2 )
	=	-0.074	/	0.43
	=	-17.21 %

Blackbird Critical Metals's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-1.124	/	( ( (5.988 - 0.053)	+	(5.727 - 0.083) )	/ 2 )
	=	-1.124	/	( ( 5.935	+	5.644 )	/ 2 )
	=	-1.124	/	5.7895
	=	-19.41 %

(1) Note: The EBIT data used here is four times the quarterly (Oct. 2024) EBIT data.

Blackbird Critical Metals (OTCPK:BBCMF) 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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Blackbird Critical Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blackbird Critical Metals Corp (OTCPK:BBCMF) » Definitions » ROCE %

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Traded in Other Exchanges

N79:Germany BBRD:Canada

Address

2133 – 1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.blackbirdmetals.ca

Blackbird Critical Metals Corp is a mineral exploration company engaged in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Quebec, and the Northwest Territories in Canada. The company owns 100% of the Tyee Critical Metals Project located in North-Eastern Quebec and has the right to acquire a 100% interest in the Muskox Lithium Pegmatite Project located within the Yellowknife Pegmatite Province in the Northwest Territories.