Bellzone Mining (LSE:BZM) ROCE %: 0.00% (As of Jun. 2018)


What is Bellzone Mining ROCE %?

Bellzone Mining LSE:BZM ROCE % is 0.00% as of Jun. 2018. The stock has 3 warning signs investors should review.

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. Bellzone Mining's annualized ROCE % for the quarter that ended in Jun. 2018 was 0.00%.

Bellzone Mining  (LSE:BZM) 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.

Bellzone Mining ROCE % Related Terms

Bellzone Mining ROCE % Historical Data

* Premium members only.

The historical data trend for Bellzone Mining'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.

Bellzone Mining ROCE % Chart

Bellzone Mining Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
ROCE %
Get a 7-Day Free Trial Premium Member Only -149.31 -100.10 -52.60 -50.45 -81.51

Bellzone Mining Semi-Annual Data
Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -47.97 -47.56 -26.89 -105.93 0.00

Bellzone Mining ROCE % Calculation

Bellzone Mining's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2017 )  (A: Dec. 2016 )(A: Dec. 2017 )
=-3.452/( ( (17.346 - 4.715) + (15.131 - 19.292) )/ 2 )
=-3.452/( (12.631+-4.161)/ 2 )
=-3.452/4.235
=-81.51 %

Bellzone Mining's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2018 )  (Q: Dec. 2017 )(Q: Jun. 2018 )
=-2.608/( ( (15.131 - 19.292) + (14.069 - 20.007) )/ 2 )
=-2.608/( ( -4.161 + -5.938 )/ 2 )
=-2.608/-5.0495
=0 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2018) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
Bellzone Mining (LSE:BZM) has a ROCE % of 0.00% as of Jun. 2018.
Is Bellzone Mining's ROCE % too high?
Bellzone Mining's current ROCE % is 0.00%.
How does Bellzone Mining's ROCE % compare to competitors?
Bellzone Mining's ROCE % of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Bellzone Mining's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bellzone Mining stock overvalued right now?
Bellzone Mining (LSE:BZM) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Bellzone Mining (LSE:BZM), the current ROCE % is 0.00% as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bellzone Mining Business Description

Bellzone Mining PLC is party to a legally-ratified Mining Convention in Guinea. It governs its mining concession to explore and exploit the iron ore resources at Kalia in the Faranah region. The company has four reportable segments: Kalia segment represents the exploration activities undertaken at the Kalia Mine; Forécariah segment represents the 50:50 joint venture between Bellzone and China International Fund Ltd (CIF) to fully fund exploration and development of a mine and infrastructure; Sadeka segment represents exploration activities for nickel and copper in south-east Guinea; and Technical & Support Services represents funding, shared services, treasury and technical support delivered from Jersey, Singapore and the Conakry office in Guinea, it is also its revenue earning segment.