Blue Star Helium (Blue Star Helium) ROCE % : -12.09% (As of Dec. 2023)

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What is Blue Star Helium 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. Blue Star Helium's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.09%.

Blue Star Helium ROCE % Historical Data

The historical data trend for Blue Star Helium'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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Blue Star Helium ROCE % Chart

Blue Star Helium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-98.07

-34.20

-7.61

-28.82

-15.65

Blue Star Helium 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															-2.80	-29.90	-26.71	-22.58	-12.09

Blue Star Helium ROCE % Calculation

Blue Star Helium'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 )
	=	-2.139	/	( ( (13.23 - 0.588)	+	(15.062 - 0.367) )	/ 2 )
	=	-2.139	/	( (12.642	+	14.695)	/ 2 )
	=	-2.139	/	13.6685
	=	-15.65 %

Blue Star Helium'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 )
	=	-1.576	/	( ( (11.705 - 0.321)	+	(15.062 - 0.367) )	/ 2 )
	=	-1.576	/	( ( 11.384	+	14.695 )	/ 2 )
	=	-1.576	/	13.0395
	=	-12.09 %

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

Blue Star Helium (OTCPK:BSNLF) 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.

Blue Star Helium ROCE % Related Terms

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Blue Star Helium (Blue Star Helium) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Blue Star Helium Ltd (OTCPK:BSNLF) » Definitions » ROCE %

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BNL:Australia

Address

194 Hay Street, Subiaco, WA, AUS, 6008

Website

https://www.bluestarhelium.com

Blue Star Helium Ltd is engaged in oil and gas (helium) production, exploration, and development. Its assets are spread in United States. The company provides its shareholders with exposure to multiple high-value helium projects and conventional oil assets in North America. the Company is organized into one operating segment, which involves helium including oil and gas exploration, development and production in the USA.

Blue Star Helium (Blue Star Helium) Headlines

From GuruFocus

Voyager Helium Production Agreement Executed

By ACCESSWIRE • 07-04-2023

Initial plan of development completed for Blue Star's world-class Las Animas helium project

By PRNewswire PRNewswire • 12-19-2022

Blue Star Development Underway for Helium Sales

By ACCESSWIRE ACCESSWIRE • 12-20-2022

Blue Star on track for first helium production and sales from Voyager in Q4 CY2023

By PRNewswire PRNewswire • 05-22-2023

Blue Star Helium Ltd Accelerates Colorado Drilling Development

By ACCESSWIRE ACCESSWIRE • 12-15-2022