Battery Mineral Resources (TSXV:BMR) ROCE % : -11.91% (As of Sep. 2024)

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What is Battery Mineral 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. Battery Mineral Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.91%.

Battery Mineral Resources ROCE % Historical Data

The historical data trend for Battery Mineral 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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Battery Mineral Resources ROCE % Chart

Battery Mineral Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-80.09

-14.37

-19.44

0.32

-9.45

Battery Mineral 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															-9.59	-13.15	-15.49	-9.18	-11.91

Battery Mineral Resources ROCE % Calculation

Battery Mineral Resources'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 )
	=	-9.032	/	( ( (107.563 - 14.291)	+	(111.624 - 13.688) )	/ 2 )
	=	-9.032	/	( (93.272	+	97.936)	/ 2 )
	=	-9.032	/	95.604
	=	-9.45 %

Battery Mineral 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 )
	=	-11.708	/	( ( (119.158 - 19.207)	+	(122.316 - 25.715) )	/ 2 )
	=	-11.708	/	( ( 99.951	+	96.601 )	/ 2 )
	=	-11.708	/	98.276
	=	-11.91 %

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

Battery Mineral Resources (TSXV:BMR) 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.

Battery Mineral Resources ROCE % Related Terms

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Battery Mineral Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BTRMF:USA

Address

1040 West Georgia Street, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.bmrcorp.com

Battery Mineral Resources Corp is a multi-commodity resource company. It holds resource interests including copper, cobalt, lithium, and graphite properties. The Company operates in three segments, one segment being the acquisition and exploration of exploration and evaluations assets located in Canada, the United States, Chile, and South Korea and the second segment for the operations of ESI, located in Canada and the United States and the third segment being the corporate head office located in Canada.

Executives