BMTLF (BeMetals) ROCE % : -3.85% (As of Sep. 2024)

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What is BeMetals 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. BeMetals's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.85%.

BeMetals ROCE % Historical Data

The historical data trend for BeMetals'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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BeMetals ROCE % Chart

BeMetals Annual Data

Trend

Jan14

Jan15

Jan16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.01

-10.39

-9.67

-43.86

-5.31

BeMetals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-2.13	-6.42	-6.40	-5.41	-3.85

BeMetals ROCE % Calculation

BeMetals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.155	/	( ( (21.31 - 0.278)	+	(22.62 - 0.158) )	/ 2 )
	=	-1.155	/	( (21.032	+	22.462)	/ 2 )
	=	-1.155	/	21.747
	=	-5.31 %

BeMetals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.848	/	( ( (22.97 - 0.038)	+	(27.296 - 6.15) )	/ 2 )
	=	-0.848	/	( ( 22.932	+	21.146 )	/ 2 )
	=	-0.848	/	22.039
	=	-3.85 %

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

BeMetals (OTCPK:BMTLF) 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.

BeMetals ROCE % Related Terms

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BeMetals Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BeMetals Corp (OTCPK:BMTLF) » Definitions » ROCE %

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BMET:Canada

Address

666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8

Website

https://www.bemetalscorp.com

BeMetals Corp is a precious and base metals exploration and development company engaged in the acquisition of quality exploration, development and production stage mineral projects. The company is focused on exploring its portfolio of gold projects in Japan, which includes the Kato Gold Project in Hokkaido, and exploring copper at its Pangeni Project in Zambia. It operates in one segment, exploration and evaluation of mineral properties, in Zambia and Japan.