BCM Resources (TSXV:B) ROCE % : -0.62% (As of Feb. 2024)

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What is BCM 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. BCM Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -0.62%.

BCM Resources ROCE % Historical Data

The historical data trend for BCM 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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BCM Resources ROCE % Chart

BCM Resources Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-59.35

-39.63

-78.10

-8.06

-13.07

BCM Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-1.83	-15.32	-17.41	-0.62	-0.62

BCM Resources ROCE % Calculation

BCM Resources's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-1.792	/	( ( (6.29 - 0.145)	+	(22.662 - 1.378) )	/ 2 )
	=	-1.792	/	( (6.145	+	21.284)	/ 2 )
	=	-1.792	/	13.7145
	=	-13.07 %

BCM Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-0.132	/	( ( (22.679 - 1.428)	+	(22.684 - 1.449) )	/ 2 )
	=	-0.132	/	( ( 21.251	+	21.235 )	/ 2 )
	=	-0.132	/	21.243
	=	-0.62 %

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

BCM Resources (TSXV:B) 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.

BCM Resources ROCE % Related Terms

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BCM Resources (TSXV:B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BCM Resources Corp (TSXV:B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BCMRF:USA

Address

400 Burrard Street, Suite 1780, Vancouver, BC, CAN, V6C 3A6

Website

https://www.bcmresources.com

BCM Resources Corp is principally engaged in the acquisition, exploration, development, and mining of mineral properties. The company holds interests in the Carter property in Canada and Thompson Knolls Property in the United States.

Executives

Richard Robert Redfern

Director, Senior Officer