Bastion Minerals (FRA:J57) ROCE % : -204.56% (As of Jun. 2024)

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What is Bastion Minerals 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. Bastion Minerals's annualized ROCE % for the quarter that ended in Jun. 2024 was -204.56%.

Bastion Minerals ROCE % Historical Data

The historical data trend for Bastion Minerals'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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Bastion Minerals ROCE % Chart

Bastion Minerals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-41.78

-56.95

-120.84

Bastion Minerals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-60.79	-60.87	-174.61	-78.04	-204.56

Bastion Minerals ROCE % Calculation

Bastion Minerals'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 )
	=	-3.838	/	( ( (4.711 - 0.627)	+	(2.991 - 0.723) )	/ 2 )
	=	-3.838	/	( (4.084	+	2.268)	/ 2 )
	=	-3.838	/	3.176
	=	-120.84 %

Bastion Minerals'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 )
	=	-3.412	/	( ( (2.991 - 0.723)	+	(1.616 - 0.548) )	/ 2 )
	=	-3.412	/	( ( 2.268	+	1.068 )	/ 2 )
	=	-3.412	/	1.668
	=	-204.56 %

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

Bastion Minerals (FRA:J57) 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.

Bastion Minerals ROCE % Related Terms

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Bastion Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bastion Minerals Ltd (FRA:J57) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BMO:Australia

Address

22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.bastionminerals.com

Bastion Minerals Ltd is an early-stage exploration company focused on Copper, Lithium & Green metals. Its exploration projects includes Cometa Copper Project, Canadian Lithium Project, Gyttorp REE Project, Battery Metals Projects, Western Australia.

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