International Bethlehem Mining (TSXV:IBC.H) ROCE % : 0.00% (As of Mar. 2024)

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What is International Bethlehem 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. International Bethlehem Mining's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

International Bethlehem Mining ROCE % Historical Data

The historical data trend for International Bethlehem 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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International Bethlehem Mining ROCE % Chart

International Bethlehem Mining Annual Data

Trend

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Dec23

ROCE %

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International Bethlehem Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

International Bethlehem Mining ROCE % Calculation

International Bethlehem Mining'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 )
	=	-0.158	/	( ( (0.049 - 0.578)	+	(0.077 - 0.764) )	/ 2 )
	=	-0.158	/	( (-0.529	+	-0.687)	/ 2 )
	=	-0.158	/	-0.608
	=	25.99 %

International Bethlehem Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.068	/	( ( (0.077 - 0.764)	+	(0.088 - 0.791) )	/ 2 )
	=	-0.068	/	( ( -0.687	+	-0.703 )	/ 2 )
	=	-0.068	/	-0.695
	=	0 %

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

International Bethlehem Mining (TSXV:IBC.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.

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International Bethlehem Mining (TSXV:IBC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Bethlehem Mining Corp (TSXV:IBC.H) » Definitions » ROCE %

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Address

2489 Bellevue Avenue, 750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

http://www.bethlehemmining.com

International Bethlehem Mining Corp is engaged in the exploration of mineral resource properties, primarily in Canada. It explores for gold and various other minerals.

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