Blue Sky Uranium (TSXV:BSK) ROCE % : -2,201.07% (As of Dec. 2023)

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What is Blue Sky Uranium 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 Uranium's annualized ROCE % for the quarter that ended in Dec. 2023 was -2,201.07%.

Blue Sky Uranium ROCE % Historical Data

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

Blue Sky Uranium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-329.58

-596.50

-366.55

-553.61

Blue Sky Uranium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-448.92	-695.42	-1,916.36	-3,991.49	-2,201.07

Blue Sky Uranium ROCE % Calculation

Blue Sky Uranium'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 )
	=	-4.177	/	( ( (2.006 - 0.899)	+	(1.326 - 0.924) )	/ 2 )
	=	-4.177	/	( (1.107	+	0.402)	/ 2 )
	=	-4.177	/	0.7545
	=	-553.61 %

Blue Sky Uranium's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-4.116	/	( ( (0.994 - 1.022)	+	(1.326 - 0.924) )	/ 2 )
	=	-4.116	/	( ( -0.028	+	0.402 )	/ 2 )
	=	-4.116	/	0.187
	=	-2,201.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Blue Sky Uranium (TSXV:BSK) 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 Uranium ROCE % Related Terms

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Blue Sky Uranium (TSXV:BSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Blue Sky Uranium Corp (TSXV:BSK) » Definitions » ROCE %

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BKUCF:USA MAL2:Germany

Address

837 West Hastings Street, Suite 312, Vancouver, BC, CAN, V6C 3N6

Website

https://www.blueskyuranium.com

Blue Sky Uranium Corp is a junior mineral exploration company based in Canada. The company focuses on uranium exploration projects in southern Argentina. It owns an interest in various exploration properties including the Amarillo Grande project located in Rio Negro Province, Sierra Colonia Project, Tierras Coloradas Project, and Cerro Parva Project located in Chubut Province.

Executives

Joe Nicola Grosso

Director

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