Banyan Gold (FRA:BAJ) ROCE % : -11.29% (As of Jun. 2024)

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What is Banyan Gold 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. Banyan Gold's annualized ROCE % for the quarter that ended in Jun. 2024 was -11.29%.

Banyan Gold ROCE % Historical Data

The historical data trend for Banyan Gold'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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Banyan Gold ROCE % Chart

Banyan Gold Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

ROCE %

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-13.67

-8.25

-9.15

-8.18

-6.90

Banyan Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-3.38	-9.78	-12.25	-5.05	-11.29

Banyan Gold ROCE % Calculation

Banyan Gold's annualized ROCE % for the fiscal year that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2022 )		(A: Sep. 2021 )		(A: Sep. 2022 )
	=	-1.931	/	( ( (21.48 - 0.719)	+	(36.618 - 1.372) )	/ 2 )
	=	-1.931	/	( (20.761	+	35.246)	/ 2 )
	=	-1.931	/	28.0035
	=	-6.90 %

Banyan Gold's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-4.892	/	( ( (39.162 - 0.328)	+	(48.606 - 0.751) )	/ 2 )
	=	-4.892	/	( ( 38.834	+	47.855 )	/ 2 )
	=	-4.892	/	43.3445
	=	-11.29 %

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

Banyan Gold (FRA:BAJ) 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.

Banyan Gold ROCE % Related Terms

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Banyan Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Banyan Gold Corp (FRA:BAJ) » Definitions » ROCE %

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BYAGF:USA BAJ:Germany BYN:Canada

Address

166 Cougarstone Crescent SW, Calgary, AB, CAN, T3H 4Z5

Website

https://www.banyangold.com

Banyan Gold Corp is a mining company based in Canada. It is mainly engaged in the acquisition, discovery, and development of mineral properties. The company holds an interest in Hyland Gold Project which is located in the Watson Lake Mining District in southeast Yukon, Aurex-McQuesten Gold Project which is located in the Mayo Mining district and Nitra claims.

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