Blue Moon Metals (TSXV:MOON) ROCE % : -33.40% (As of Dec. 2023)

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What is Blue Moon Metals 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 Moon Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.40%.

Blue Moon Metals ROCE % Historical Data

The historical data trend for Blue Moon Metals'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 Moon Metals ROCE % Chart

Blue Moon Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-94.02

-66.10

-193.51

-37.01

-42.87

Blue Moon Metals 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															-82.64	-43.00	-32.92	-34.86	-33.40

Blue Moon Metals ROCE % Calculation

Blue Moon Metals'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 )
	=	-0.326	/	( ( (0.755 - 0.115)	+	(1.076 - 0.195) )	/ 2 )
	=	-0.326	/	( (0.64	+	0.881)	/ 2 )
	=	-0.326	/	0.7605
	=	-42.87 %

Blue Moon Metals'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 )
	=	-0.324	/	( ( (1.174 - 0.115)	+	(1.076 - 0.195) )	/ 2 )
	=	-0.324	/	( ( 1.059	+	0.881 )	/ 2 )
	=	-0.324	/	0.97
	=	-33.40 %

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

Blue Moon Metals (TSXV:MOON) 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 Moon Metals ROCE % Related Terms

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Blue Moon Metals (TSXV:MOON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Moon Metals Inc (TSXV:MOON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BMOOF:USA 8SX:Germany

Address

1200-1166 Alberni Street, Vancouver, BC, CAN, V6E3Z3

Website

https://www.bluemoonmining.com

Blue Moon Metals Inc is a Canadian exploration stage company which is focused on the exploration and development of mineral resource properties. The company is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver, and copper. The company also holds the Yava polymetallic project in Nunavut that is in the same volcanic lithologies and south of Glencore's Hackett River deposit. The Company is focusing on advancing the Blue Moon and Yava properties.

Executives

Patrick John Mcgrath

10% Security Holder, Director