Boart Longyear (ASX:BLY) ROCE % : -1.19% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Boart Longyear 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. Boart Longyear's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.19%.

Boart Longyear ROCE % Historical Data

The historical data trend for Boart Longyear'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.

Boart Longyear ROCE % Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.23

-0.74

6.59

5.64

6.95

Boart Longyear 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															2.66	10.09	0.72	15.18	-1.19

Boart Longyear ROCE % Calculation

Boart Longyear'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 )
	=	59.696	/	( ( (1148.335 - 325.189)	+	(1231.431 - 337.613) )	/ 2 )
	=	59.696	/	( (823.146	+	893.818)	/ 2 )
	=	59.696	/	858.482
	=	6.95 %

Boart Longyear'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 )
	=	-10.544	/	( ( (1213.797 - 329.047)	+	(1231.431 - 337.613) )	/ 2 )
	=	-10.544	/	( ( 884.75	+	893.818 )	/ 2 )
	=	-10.544	/	889.284
	=	-1.19 %

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

Boart Longyear (ASX:BLY) 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.

Boart Longyear ROCE % Related Terms

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

Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

Boart Longyear (ASX:BLY) Headlines

No Headlines