Bryah Resources (ASX:BYH) ROCE % : -15.20% (As of Dec. 2023)

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What is Bryah 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. Bryah Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -15.20%.

Bryah Resources ROCE % Historical Data

The historical data trend for Bryah 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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Bryah Resources ROCE % Chart

Bryah Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-20.14

-14.63

-22.42

-17.10

-17.78

Bryah Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-14.98	-15.95	-17.33	-17.63	-15.20

Bryah Resources ROCE % Calculation

Bryah Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-2.028	/	( ( (11.765 - 0.779)	+	(12.474 - 0.654) )	/ 2 )
	=	-2.028	/	( (10.986	+	11.82)	/ 2 )
	=	-2.028	/	11.403
	=	-17.78 %

Bryah 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: 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 )
	=	-1.832	/	( ( (12.474 - 0.654)	+	(12.772 - 0.485) )	/ 2 )
	=	-1.832	/	( ( 11.82	+	12.287 )	/ 2 )
	=	-1.832	/	12.0535
	=	-15.20 %

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

Bryah Resources (ASX:BYH) 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.

Bryah Resources ROCE % Related Terms

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Bryah Resources (ASX:BYH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bryah Resources Ltd (ASX:BYH) » Definitions » ROCE %

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Address

85 Havelock Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.bryah.com.au

Bryah Resources Ltd is a Perth-based mineral exploration company with a focus on exploration for high-grade copper-gold and manganese resources located in its two project areas in the Bryah Basin and at Gabanintha in the Meekatharra region of Western Australia. The Group presently operates in one segment being mineral exploration within Australia.

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