Bezant Resources (FRA:BN5) ROCE % : -14.93% (As of Jun. 2024)

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What is Bezant Resources 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. Bezant Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -14.93%.

Bezant Resources ROCE % Historical Data

The historical data trend for Bezant Resources'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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Bezant Resources ROCE % Chart

Bezant Resources Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.31

-17.13

-13.02

17.08

-76.07

Bezant Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-8.62	41.94	-7.71	-134.56	-14.93

Bezant Resources ROCE % Calculation

Bezant Resources'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 )
	=	-6.883	/	( ( (12.41 - 1.249)	+	(7.931 - 0.996) )	/ 2 )
	=	-6.883	/	( (11.161	+	6.935)	/ 2 )
	=	-6.883	/	9.048
	=	-76.07 %

Bezant Resources'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1	/	( ( (7.931 - 0.996)	+	(7.605 - 1.142) )	/ 2 )
	=	-1	/	( ( 6.935	+	6.463 )	/ 2 )
	=	-1	/	6.699
	=	-14.93 %

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

Bezant Resources (FRA:BN5) 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.

Bezant Resources ROCE % Related Terms

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Bezant Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bezant Resources PLC (FRA:BN5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BZT.GB:UK BZT:UK BN5:Germany

Address

4 Thomas More Square, Floor 6, Quadrant House, London, GBR, E1W 1YW

Website

https://www.bezantresources.com

Bezant Resources PLC is a United Kingdom-based exploration company that is engaged in the exploration, evaluation, beneficiation and development of mineral resources. The company's exploration projects include the Kalengwa copper-silver project in Zambia; Hope Copper-Gold Project; Kanye Manganese Project in Botswana; Mankayan Project in the Philippines and the Eureka Project in northern Argentina. The operations of the Group are focused in geographical segments, namely the UK, Argentina, Namibia, and Botswana, and comprise one class of business: the exploration, evaluation and development of mineral resources. The UK is used for the administration of the Group and includes equity investments in non-group companies .

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