Borealis Mining Co (TSXV:BOGO) ROCE % : -114.96% (As of Jul. 2024)

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What is Borealis Mining Co 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. Borealis Mining Co's annualized ROCE % for the quarter that ended in Jul. 2024 was -114.96%.

Borealis Mining Co ROCE % Historical Data

The historical data trend for Borealis Mining Co'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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Borealis Mining Co ROCE % Chart

Borealis Mining Co Annual Data

Trend

Jul23

Jul24

ROCE %

-372.48

Borealis Mining Co Quarterly Data
	Apr23	Jul23	Apr24	Jul24
ROCE %	-	-	-296.39	-114.96

Borealis Mining Co ROCE % Calculation

Borealis Mining Co's annualized ROCE % for the fiscal year that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2024 )		(A: Jul. 2023 )		(A: Jul. 2024 )
	=	-8.135	/	( ( (2.81 - 7.668)	+	(10.113 - 0.887) )	/ 2 )
	=	-8.135	/	( (-4.858	+	9.226)	/ 2 )
	=	-8.135	/	2.184
	=	-372.48 %

Borealis Mining Co's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-11.804	/	( ( (12.639 - 1.33)	+	(10.113 - 0.887) )	/ 2 )
	=	-11.804	/	( ( 11.309	+	9.226 )	/ 2 )
	=	-11.804	/	10.2675
	=	-114.96 %

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

Borealis Mining Co (TSXV:BOGO) 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.

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Borealis Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Borealis Mining Co Ltd (TSXV:BOGO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

L4B0:Germany

Address

410 West Georgia Street, 5th Floor, Vancouver, BC, CAN, V6B 1Z3

Website

https://www.borealismining.com

Borealis Mining Co Ltd is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties. The company's principal project is the Borealis Project which is a fully permitted silver-gold mine, absorption, desorption, and refining plant, located near Hawthorne, Nevada.

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