Black Iron (TSX:BKI) ROCE % : -7,111.11% (As of Dec. 2023)

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What is Black Iron 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. Black Iron's annualized ROCE % for the quarter that ended in Dec. 2023 was -7,111.11%.

Black Iron ROCE % Historical Data

The historical data trend for Black Iron'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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Black Iron ROCE % Chart

Black Iron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-414.24

-761.01

-197.59

-122.09

-275.13

Black Iron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-96.92	-234.61	-214.72	-382.45	-7,111.11

Black Iron ROCE % Calculation

Black Iron'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 )
	=	-2.157	/	( ( (3.168 - 1.394)	+	(1.566 - 1.772) )	/ 2 )
	=	-2.157	/	( (1.774	+	-0.206)	/ 2 )
	=	-2.157	/	0.784
	=	-275.13 %

Black Iron's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.92	/	( ( (1.954 - 1.694)	+	(1.566 - 1.772) )	/ 2 )
	=	-1.92	/	( ( 0.26	+	-0.206 )	/ 2 )
	=	-1.92	/	0.027
	=	-7,111.11 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Black Iron (TSX:BKI) 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.

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Black Iron (TSX:BKI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Iron Inc (TSX:BKI) » Definitions » ROCE %

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BKIRF:USA

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.blackiron.com

Black Iron Inc isan iron ore exploration and development company with its project located in theDnipropetrovsk region of Ukraine. The Company holds a interest in a mining permit that covers an area of approximately 2.56 square kilometers and comprises the Shymanivske Project through Shymanivske Steel.