Baden Resources (XCNQ:BDN) ROCE % : -97.23% (As of Sep. 2022)

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What is Baden 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. Baden Resources's annualized ROCE % for the quarter that ended in Sep. 2022 was -97.23%.

Baden Resources ROCE % Historical Data

The historical data trend for Baden 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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Baden Resources ROCE % Chart

Baden Resources Annual Data

Trend

Jun20

Jun21

Jun22

ROCE %

-49.67

-111.29

Baden Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial						-21.76	-26.82	-23.04	-306.10	-97.23

Baden Resources ROCE % Calculation

Baden Resources's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	-0.409	/	( ( (0.483 - 0.011)	+	(0.299 - 0.036) )	/ 2 )
	=	-0.409	/	( (0.472	+	0.263)	/ 2 )
	=	-0.409	/	0.3675
	=	-111.29 %

Baden Resources's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-0.228	/	( ( (0.299 - 0.036)	+	(0.238 - 0.032) )	/ 2 )
	=	-0.228	/	( ( 0.263	+	0.206 )	/ 2 )
	=	-0.228	/	0.2345
	=	-97.23 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Baden Resources (XCNQ:BDN) 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.

Baden Resources ROCE % Related Terms

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Baden Resources (XCNQ:BDN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

905 West Pender Street, Suite 503, Vancouver, BC, CAN, V6C 1L6

Website

Baden Resources Inc is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties in British Columbia. Its Midway Property is located in southern British Columbia between the towns of Midway, BC and Rock Creek, BC.