Bonanza Mining (TSXV:BNZ) ROCE % : -11.54% (As of Feb. 2024)

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What is Bonanza 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. Bonanza Mining's annualized ROCE % for the quarter that ended in Feb. 2024 was -11.54%.

Bonanza Mining ROCE % Historical Data

The historical data trend for Bonanza 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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Bonanza Mining ROCE % Chart

Bonanza Mining Annual Data

Trend

Feb22

Feb23

Feb24

ROCE %

-30.63

-13.38

-8.29

Bonanza Mining Quarterly Data
	Nov20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								-9.26	-7.44	-8.23	-5.91	-11.54

Bonanza Mining ROCE % Calculation

Bonanza Mining's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-0.191	/	( ( (2.517 - 0.13)	+	(2.368 - 0.148) )	/ 2 )
	=	-0.191	/	( (2.387	+	2.22)	/ 2 )
	=	-0.191	/	2.3035
	=	-8.29 %

Bonanza Mining'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 )
	=	-0.26	/	( ( (2.41 - 0.125)	+	(2.368 - 0.148) )	/ 2 )
	=	-0.26	/	( ( 2.285	+	2.22 )	/ 2 )
	=	-0.26	/	2.2525
	=	-11.54 %

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

Bonanza Mining (TSXV:BNZ) 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.

Bonanza Mining ROCE % Related Terms

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Bonanza Mining (TSXV:BNZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

423 East 10th Street, North Vancouver, BC, CAN, V7L 2E5

Website

https://www.bonanzamining.com

Bonanza Mining Corp is a new exploration company with an interest in two historical gold and silver mining properties located near the town of Stewart in the prolific Golden Triangle region of northwestern British Columbia. It also has an interest in the Shag Zinc Project, and Frog Zinc Lead Sil[ver Project.

Executives

Alfredo De Lucrezia

Director, Senior Officer

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