Bayridge Resources (XCNQ:BYRG) ROCE % : -253.48% (As of Mar. 2024)

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What is Bayridge Resources 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. Bayridge Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -253.48%.

Bayridge Resources ROCE % Historical Data

The historical data trend for Bayridge Resources'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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Bayridge Resources ROCE % Chart

Bayridge Resources Annual Data

Trend

Dec22

Dec23

ROCE %

-157.22

Bayridge Resources Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-11.06	-140.67	-50.05	-157.18	-253.48

Bayridge Resources ROCE % Calculation

Bayridge Resources'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 )
	=	-0.441	/	( ( (0.405 - 0.195)	+	(0.407 - 0.056) )	/ 2 )
	=	-0.441	/	( (0.21	+	0.351)	/ 2 )
	=	-0.441	/	0.2805
	=	-157.22 %

Bayridge Resources'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 )
	=	-0.82	/	( ( (0.407 - 0.056)	+	(0.412 - 0.116) )	/ 2 )
	=	-0.82	/	( ( 0.351	+	0.296 )	/ 2 )
	=	-0.82	/	0.3235
	=	-253.48 %

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

Bayridge Resources (XCNQ:BYRG) 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.

Bayridge Resources ROCE % Related Terms

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Bayridge Resources (XCNQ:BYRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bayridge Resources Corp (XCNQ:BYRG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BYRRF:USA O0K:Germany

Address

1480-885 West Georgia Street, Vancouver, BC, CAN, V6C 3E3

Website

Bayridge Resources Corp is currently engaged in the business of exploration of mineral properties in Canada. The Company's objective is to explore and, if warranted, develop the Property. Its property includes the Sharpe Lake Property which is in the exploration stage.