Blue Sky Energy (TSXV:BSI.H) ROCE % : 0.00% (As of Jan. 2022)

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What is Blue Sky Energy 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. Blue Sky Energy's annualized ROCE % for the quarter that ended in Jan. 2022 was 0.00%.

Blue Sky Energy ROCE % Historical Data

The historical data trend for Blue Sky Energy'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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Blue Sky Energy ROCE % Chart

Blue Sky Energy Annual Data

Trend

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ROCE %

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Blue Sky Energy Quarterly Data
	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22
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Blue Sky Energy ROCE % Calculation

Blue Sky Energy's annualized ROCE % for the fiscal year that ended in Jul. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2021 )		(A: Jul. 2020 )		(A: Jul. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2021 )		(A: Jul. 2020 )		(A: Jul. 2021 )
	=	-0.59	/	( ( (0.009 - 2.044)	+	(0.017 - 2.424) )	/ 2 )
	=	-0.59	/	( (-2.035	+	-2.407)	/ 2 )
	=	-0.59	/	-2.221
	=	26.56 %

Blue Sky Energy's ROCE % of for the quarter that ended in Jan. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2022 )		(Q: Oct. 2021 )		(Q: Jan. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2022 )		(Q: Oct. 2021 )		(Q: Jan. 2022 )
	=	-0.412	/	( ( (0.03 - 2.552)	+	(0.025 - 2.661) )	/ 2 )
	=	-0.412	/	( ( -2.522	+	-2.636 )	/ 2 )
	=	-0.412	/	-2.579
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2022) EBIT data.

Blue Sky Energy (TSXV:BSI.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.

Blue Sky Energy ROCE % Related Terms

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Blue Sky Energy (TSXV:BSI.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Sky Energy Inc (TSXV:BSI.H) » Definitions » ROCE %

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Address

65 Queen Street West, Suite 805, 8th Floor, Toronto, ON, CAN, M5H 2M5

Website

https://www.blueskyenergy.ca

Blue Sky Energy Inc is an oil and gas exploration company focused on pursuing the exploration, evaluation, and development of resource assets. It is exploring opportunities in the domestic and international oil and gas sector with a focus on competitive and stable energy jurisdictions.

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