BHK Mining (TSXV:BHK.H) ROCE % : -26.58% (As of Mar. 2017)

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What is BHK Mining 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. BHK Mining's annualized ROCE % for the quarter that ended in Mar. 2017 was -26.58%.

BHK Mining ROCE % Historical Data

The historical data trend for BHK 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.

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BHK Mining ROCE % Chart

BHK Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

ROCE %

-16.89

-64.47

-128.12

-30.85

BHK Mining Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
ROCE %	Get a 7-Day Free Trial												-68.76	-32.86	-14.83	-7.46	-26.58

BHK Mining ROCE % Calculation

BHK Mining's annualized ROCE % for the fiscal year that ended in Dec. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2016 )		(A: Dec. 2015 )		(A: Dec. 2016 )
	=	-0.797	/	( ( (3.166 - 0.167)	+	(2.266 - 0.098) )	/ 2 )
	=	-0.797	/	( (2.999	+	2.168)	/ 2 )
	=	-0.797	/	2.5835
	=	-30.85 %

BHK Mining's ROCE % of for the quarter that ended in Mar. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2017 )		(Q: Dec. 2016 )		(Q: Mar. 2017 )
	=	-0.56	/	( ( (2.266 - 0.098)	+	(2.256 - 0.21) )	/ 2 )
	=	-0.56	/	( ( 2.168	+	2.046 )	/ 2 )
	=	-0.56	/	2.107
	=	-26.58 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2017) EBIT data.

BHK Mining (TSXV:BHK.H) 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.

BHK Mining ROCE % Related Terms

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BHK Mining (TSXV:BHK.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHK Mining Corp (TSXV:BHK.H) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

http://www.bhkminingcorp.com

BHK Mining Corp is a mineral exploration company. It is engaged in the exploration and development of the Ndjole Project and exploration projects in Gabon. The company primarily explores for manganese and gold deposits.

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