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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. Bion Environmental Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -47.63%.
The historical data trend for Bion Environmental Technologies'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.
Bion Environmental Technologies Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | - | - | - | - | -60.70 |
Bion Environmental Technologies Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -63.63 | -71.14 | -48.59 | -47.28 | -47.63 |
Bion Environmental Technologies'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 ) | |||||
= | -3.151 | / | ( ( (6.36 - 1.955) | + | (7.594 - 1.617) ) | / 2 ) | |
= | -3.151 | / | ( (4.405 | + | 5.977) | / 2 ) | |
= | -3.151 | / | 5.191 | ||||
= | -60.70 % |
Bion Environmental Technologies'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -2.576 | / | ( ( (7.863 - 2.418) | + | (9.571 - 4.2) ) | / 2 ) | |
= | -2.576 | / | ( ( 5.445 | + | 5.371 ) | / 2 ) | |
= | -2.576 | / | 5.408 | ||||
= | -47.63 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Bion Environmental Technologies (OTCPK:BNET) 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.
Thank you for viewing the detailed overview of Bion Environmental Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Orphanos | 10 percent owner | C/O BLACKSMITH ADVISORS, LLC, 40 WEST 57TH STREET, 20TH FLOOR, NEW YORK NY 10019 |
Salvatore J Zizza | director | 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019 |
William F. Rupp | director | C/O BION ENVIRONMENTAL TECHNOLOGIES, INC, PO BOX 323, OLD BETHPAGE NY 11804 |
William O'neill | officer: CEO | C/O BION ENVIRONMENTAL TECHNOLOGIES INC., PO BOX 323, OLD BETHPAGE NY 11804 |
Danielle C. Lominy | 10 percent owner | 6400 VILLAGE HILL DRIVE, DIX HILLS NY 11746 |
Christopher B. Parlow | 10 percent owner | 23 LONGBOW DRIVE, COMMACK NY 11725 |
Jon Northrop | director, officer: Secretary | |
Mark A Smith | director, 10 percent owner, officer: President | 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Dominic Bassani | 10 percent owner, officer: CEO | C/O BRIGHT CAPITAL, LTD., 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746 |
Edward T Schafer | director, officer: Executive Vice Chairman | 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701 |
Bright Capital Ltd. | 10 percent owner | 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746 |
Jere Northrop | director, officer: Senior Technology Officer | 1961 TONAWANDA CREEK RD, AMHERST NY 14228 |
Jeremy Rowland | officer: COO of Bion Dairy | 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
George Bloom | officer: COO of Bion Technologies | 641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Chris-dan, Llc | 10 percent owner | 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746 |
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