Basin Energy (ASX:BSN) ROCE % : -12.74% (As of Dec. 2023)

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What is Basin Energy 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. Basin Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.74%.

Basin Energy ROCE % Historical Data

The historical data trend for Basin Energy'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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Basin Energy ROCE % Chart

Basin Energy Annual Data

Trend

Jun22

Jun23

ROCE %

-12.56

Basin Energy Semi-Annual Data
	Dec22	Jun23	Dec23
ROCE %	-16.76	-8.48	-12.74

Basin Energy ROCE % Calculation

Basin Energy'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 )
	=	-1.462	/	( ( (12.148 - 0.101)	+	(11.342 - 0.109) )	/ 2 )
	=	-1.462	/	( (12.047	+	11.233)	/ 2 )
	=	-1.462	/	11.64
	=	-12.56 %

Basin Energy'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 )
	=	-1.41	/	( ( (11.342 - 0.109)	+	(11.026 - 0.13) )	/ 2 )
	=	-1.41	/	( ( 11.233	+	10.896 )	/ 2 )
	=	-1.41	/	11.0645
	=	-12.74 %

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

Basin Energy (ASX:BSN) 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.

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Basin Energy (ASX:BSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Basin Energy Ltd (ASX:BSN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ord Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.basinenergy.com.au

Basin Energy Ltd is an early-stage mineral exploration and development company focused on uranium projects located in Canada. The company holds interests in the Marshall, Geikie, and North Millennium Projects. Each of the Projects is a prospective uranium exploration project.