Bathurst Metals (TSXV:BMV) ROCE % : -28.54% (As of Jun. 2024)

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What is Bathurst Metals 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. Bathurst Metals's annualized ROCE % for the quarter that ended in Jun. 2024 was -28.54%.

Bathurst Metals ROCE % Historical Data

The historical data trend for Bathurst Metals'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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Bathurst Metals ROCE % Chart

Bathurst Metals Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-477.11

-91.03

-17.38

Bathurst Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-46.95	-40.03	-28.53	18.07	-28.54

Bathurst Metals ROCE % Calculation

Bathurst Metals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-0.141	/	( ( (0.658 - 0.154)	+	(1.315 - 0.196) )	/ 2 )
	=	-0.141	/	( (0.504	+	1.119)	/ 2 )
	=	-0.141	/	0.8115
	=	-17.38 %

Bathurst Metals's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.488	/	( ( (2.219 - 0.499)	+	(2.015 - 0.315) )	/ 2 )
	=	-0.488	/	( ( 1.72	+	1.7 )	/ 2 )
	=	-0.488	/	1.71
	=	-28.54 %

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

Bathurst Metals (TSXV:BMV) 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.

Bathurst Metals ROCE % Related Terms

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Bathurst Metals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BMVVF:USA J1Q0:Germany

Address

700-1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.bathurstmetalscorp.com

Bathurst Metals Corp is an exploration-stage company. It is engaged in the acquisition, exploration, and development of mineral properties in Canada. The company holds an interest in the Turner Lake, McGregor Lake, Gela Lake Navanut, McAvoy Lake, and Speers Lake projects.

Executives

Christopher Lauchlin Macpherson	Senior Officer
Harold Forzley	Director

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