BT Brands (BT Brands) ROCE % : -16.72% (As of Mar. 2024)

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What is BT Brands 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. BT Brands's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.72%.

BT Brands ROCE % Historical Data

The historical data trend for BT Brands'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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BT Brands ROCE % Chart

BT Brands Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.57

52.64

12.31

-4.45

-6.75

BT Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.08	-7.57	0.59	-16.43	-16.72

BT Brands ROCE % Calculation

BT Brands'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 )
	=	-0.935	/	( ( (16.77 - 2.134)	+	(14.609 - 1.55) )	/ 2 )
	=	-0.935	/	( (14.636	+	13.059)	/ 2 )
	=	-0.935	/	13.8475
	=	-6.75 %

BT Brands's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.144	/	( ( (14.609 - 1.55)	+	(14.001 - 1.415) )	/ 2 )
	=	-2.144	/	( ( 13.059	+	12.586 )	/ 2 )
	=	-2.144	/	12.8225
	=	-16.72 %

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

BT Brands (NAS:BTBDW) 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.

BT Brands ROCE % Related Terms

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BT Brands (BT Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » BT Brands Inc (NAS:BTBDW) » Definitions » ROCE %

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BTBD:USA

Address

405 Main Avenue West, Suite 2D, West Fargo, ND, USA, 58078

Website

https://www.itsburgertime.com

BT Brands Inc operates and owns a fast-food restaurant called Burger Time. The company also operates in Minnesota as a franchisee of Dairy Queen. It offers a variety of burgers and other affordably priced foods such as chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks.