Bowen Coking Coal (ASX:BCB) ROCE % : -47.62% (As of Dec. 2023)

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What is Bowen Coking Coal 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. Bowen Coking Coal's annualized ROCE % for the quarter that ended in Dec. 2023 was -47.62%.

Bowen Coking Coal ROCE % Historical Data

The historical data trend for Bowen Coking Coal'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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Bowen Coking Coal ROCE % Chart

Bowen Coking Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-19.32

-21.89

-24.97

-23.89

-103.85

Bowen Coking Coal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-32.16	-26.37	-50.02	-84.75	-47.62

Bowen Coking Coal ROCE % Calculation

Bowen Coking Coal's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-137.886	/	( ( (172.702 - 40.788)	+	(407.796 - 274.163) )	/ 2 )
	=	-137.886	/	( (131.914	+	133.633)	/ 2 )
	=	-137.886	/	132.7735
	=	-103.85 %

Bowen Coking Coal'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-88.942	/	( ( (407.796 - 274.163)	+	(409.72 - 169.799) )	/ 2 )
	=	-88.942	/	( ( 133.633	+	239.921 )	/ 2 )
	=	-88.942	/	186.777
	=	-47.62 %

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

Bowen Coking Coal (ASX:BCB) 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.

Bowen Coking Coal ROCE % Related Terms

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Bowen Coking Coal (ASX:BCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bowen Coking Coal Ltd (ASX:BCB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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