Benton Resources (TSXV:BEX) ROCE % : -11.27% (As of Sep. 2024)

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What is Benton 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. Benton Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.27%.

Benton Resources ROCE % Historical Data

The historical data trend for Benton 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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Benton Resources ROCE % Chart

Benton Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-11.48

-8.42

-8.90

-8.25

-11.28

Benton Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-7.64	-11.24	-9.80	-10.73	-11.27

Benton Resources ROCE % Calculation

Benton Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.349	/	( ( (12.333 - 0.736)	+	(13.208 - 0.884) )	/ 2 )
	=	-1.349	/	( (11.597	+	12.324)	/ 2 )
	=	-1.349	/	11.9605
	=	-11.28 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.456	/	( ( (13.208 - 0.884)	+	(14.049 - 0.529) )	/ 2 )
	=	-1.456	/	( ( 12.324	+	13.52 )	/ 2 )
	=	-1.456	/	12.922
	=	-11.27 %

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

Benton Resources (TSXV:BEX) 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.

Benton Resources ROCE % Related Terms

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Benton Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Benton Resources Inc (TSXV:BEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BNTRF:USA BR0:Germany

Address

176 - 1100 Memorial Avenue, Thunder Bay, ON, CAN, P7B 4A3

Website

https://www.bentonresources.ca

Benton Resources Inc is engaged in the acquisition, exploration and development of mineral properties. In addition, it holds large equity positions in other mining companies that are advancing high-quality assets. Benton has a strategic alliance with Sokoman Minerals Corp through three joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland and Labrador, Canada.

Executives

Stephen Stares	Director
John Reynolds Sullivan	Director
Gordon Fretwell	Director

Benton Resources Headlines

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