Bluejay Mining (LSE:JAY) ROCE % : -4.77% (As of Jun. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Bluejay Mining 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. Bluejay Mining's annualized ROCE % for the quarter that ended in Jun. 2023 was -4.77%.

Bluejay Mining ROCE % Historical Data

The historical data trend for Bluejay Mining'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.

* Premium members only.

Bluejay Mining ROCE % Chart

Bluejay Mining Annual Data

Trend

Feb12

Feb13

Jun14

Jun15

Jun16

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-8.91

-7.17

-6.84

-7.99

-7.19

Bluejay Mining Semi-Annual Data
	Feb13	Aug13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-7.87	-8.10	3.09	-16.34	-4.77

Bluejay Mining ROCE % Calculation

Bluejay Mining's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2.606	/	( ( (32.656 - 0.631)	+	(41.031 - 0.524) )	/ 2 )
	=	-2.606	/	( (32.025	+	40.507)	/ 2 )
	=	-2.606	/	36.266
	=	-7.19 %

Bluejay Mining's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.93	/	( ( (41.031 - 0.524)	+	(41.577 - 1.145) )	/ 2 )
	=	-1.93	/	( ( 40.507	+	40.432 )	/ 2 )
	=	-1.93	/	40.4695
	=	-4.77 %

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

Bluejay Mining (LSE:JAY) 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.

Bluejay Mining ROCE % Related Terms

Thank you for viewing the detailed overview of Bluejay Mining's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bluejay Mining (LSE:JAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bluejay Mining PLC (LSE:JAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLLYF:USA S5WA:Germany

Address

6 Heddon Street, London, GBR, W1B 4BT

Website

https://www.bluejaymining.com

Bluejay Mining PLC is engaged in the exploration and development of precious and base metals. It explores copper, nickel, and zinc minerals. All the business activity of the group is operated through various geographical regions which include Greenland, Finland, and the UK. The company works on various projects which include Kangerluarsuk, Dundas IImenite Project. Disko-Nuussuaq and Thunderstone.

Bluejay Mining (LSE:JAY) Headlines

No Headlines