BGX - Black Gold Exploration (XCNQ:BGX) ROCE % : -36.67% (As of Jun. 2023)

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What is BGX - Black Gold Exploration 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. BGX - Black Gold Exploration's annualized ROCE % for the quarter that ended in Jun. 2023 was -36.67%.

BGX - Black Gold Exploration ROCE % Historical Data

The historical data trend for BGX - Black Gold Exploration'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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BGX - Black Gold Exploration ROCE % Chart

BGX - Black Gold Exploration Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-1.40

-8.53

-23.39

BGX - Black Gold Exploration Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-9.81	-7.12	-36.67	-38.05

BGX - Black Gold Exploration ROCE % Calculation

BGX - Black Gold Exploration'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 )
	=	-0.32	/	( ( (1.232 - 0.839)	+	(3.111 - 0.768) )	/ 2 )
	=	-0.32	/	( (0.393	+	2.343)	/ 2 )
	=	-0.32	/	1.368
	=	-23.39 %

BGX - Black Gold Exploration's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.132	/	( ( (1.232 - 0.839)	+	(1.186 - 0.859) )	/ 2 )
	=	-0.132	/	( ( 0.393	+	0.327 )	/ 2 )
	=	-0.132	/	0.36
	=	-36.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

BGX - Black Gold Exploration (XCNQ:BGX) 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.

BGX - Black Gold Exploration ROCE % Related Terms

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BGX - Black Gold Exploration (XCNQ:BGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BGX - Black Gold Exploration (XCNQ:BGX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3

Website

BGX - Black Gold Exploration is engaged in the exploration of oil and gas properties in Argentina. The Company's objective is to explore and warranted develop the El Carmen Property.

BGX - Black Gold Exploration (XCNQ:BGX) Headlines

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