BonTerra Resources (TSXV:BTR) ROCE % : -201.96% (As of Dec. 2023)

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What is BonTerra Resources 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. BonTerra Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -201.96%.

BonTerra Resources ROCE % Historical Data

The historical data trend for BonTerra Resources'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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BonTerra Resources ROCE % Chart

BonTerra Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-142.02

-54.95

-86.51

-82.88

-80.35

BonTerra Resources Quarterly Data
	Nov18	Feb19	May19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-103.87	-100.93	-67.65	56.45	-201.96

BonTerra Resources ROCE % Calculation

BonTerra Resources'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 )
	=	-16.816	/	( ( (32.563 - 10.569)	+	(26.853 - 6.988) )	/ 2 )
	=	-16.816	/	( (21.994	+	19.865)	/ 2 )
	=	-16.816	/	20.9295
	=	-80.35 %

BonTerra Resources'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 )
	=	-40.052	/	( ( (25.503 - 5.705)	+	(26.853 - 6.988) )	/ 2 )
	=	-40.052	/	( ( 19.798	+	19.865 )	/ 2 )
	=	-40.052	/	19.8315
	=	-201.96 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

BonTerra Resources (TSXV:BTR) 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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BonTerra Resources (TSXV:BTR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BonTerra Resources Inc (TSXV:BTR) » Definitions » ROCE %

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BONXF:USA 9BR2:Germany

Address

1055 West Georgia St, Vancouver, BC, CAN, V6E 4N7

Website

https://www.btrgold.com

BonTerra Resources Inc is a gold exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties in the province of Quebec, Canada. The company's primary product is gold. Its projects include Gladiator deposit, Barry deposit, and Moroy deposit. The Company's two operating segment are mining site care and maintenance and mineral exploration.