Blue Lagoon Resources (XCNQ:BLLG) ROCE % : -9.48% (As of Dec. 2023)

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What is Blue Lagoon 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. Blue Lagoon Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.48%.

Blue Lagoon Resources ROCE % Historical Data

The historical data trend for Blue Lagoon 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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Blue Lagoon Resources ROCE % Chart

Blue Lagoon Resources Annual Data

Trend

Nov18

Nov19

Mar21

Mar22

ROCE %

-5.00

-22.82

-41.30

-32.15

Blue Lagoon Resources Quarterly Data
	May18	Aug18	Nov18	May19	Aug19	Nov19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														-10.92	-24.17	-36.53	-11.68	-9.48

Blue Lagoon Resources ROCE % Calculation

Blue Lagoon Resources's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-10.61	/	( ( (33.162 - 0.521)	+	(34.268 - 0.916) )	/ 2 )
	=	-10.61	/	( (32.641	+	33.352)	/ 2 )
	=	-10.61	/	32.9965
	=	-32.15 %

Blue Lagoon 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 )
	=	-1.988	/	( ( (21.479 - 0.24)	+	(21.016 - 0.298) )	/ 2 )
	=	-1.988	/	( ( 21.239	+	20.718 )	/ 2 )
	=	-1.988	/	20.9785
	=	-9.48 %

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

Blue Lagoon Resources (XCNQ:BLLG) 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 Lagoon Resources ROCE % Related Terms

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Blue Lagoon Resources (XCNQ:BLLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blue Lagoon Resources Inc (XCNQ:BLLG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLAGF:USA 7BL:Germany

Address

750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8

Website

https://www.bluelagoonresources.com

Blue Lagoon Resources Inc is engaged in the exploration of mineral properties in Canada. Its business is to acquire, explore, and evaluate mineral resource interests. The projects of the company include Pellair Gold Project, Dome Mountain Gold Project, and Big Onion Project.

Blue Lagoon Resources (XCNQ:BLLG) Headlines

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