Batla Minerals (XPAR:MLBAT) ROCE % : -14.75% (As of Mar. 2023)

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What is Batla Minerals 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. Batla Minerals's annualized ROCE % for the quarter that ended in Mar. 2023 was -14.75%.

Batla Minerals ROCE % Historical Data

The historical data trend for Batla Minerals'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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Batla Minerals ROCE % Chart

Batla Minerals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.96

21.53

-7.00

7.74

-14.75

Batla Minerals Semi-Annual Data
	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial											13.96	21.53	-7.00	7.74	-14.75

Batla Minerals ROCE % Calculation

Batla Minerals's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.256	/	( ( (15.915 - 0.662)	+	(1.831 - 0.051) )	/ 2 )
	=	-1.256	/	( (15.253	+	1.78)	/ 2 )
	=	-1.256	/	8.5165
	=	-14.75 %

Batla Minerals's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	-1.256	/	( ( (15.915 - 0.662)	+	(1.831 - 0.051) )	/ 2 )
	=	-1.256	/	( ( 15.253	+	1.78 )	/ 2 )
	=	-1.256	/	8.5165
	=	-14.75 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Batla Minerals (XPAR:MLBAT) 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.

Batla Minerals ROCE % Related Terms

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Batla Minerals (XPAR:MLBAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Batla Minerals SA (XPAR:MLBAT) » Definitions » ROCE %

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Address

1 Rue de la Sauvagine, Le Cres, FRA, 34920

Website

http://www.batlaminerals.com

Batla Minerals SA is a French resource investment company engaged in the mining sector. It is engaged in the research, exploration, and operation of diamond mines in Lesotho.

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