Pan American Energy (Pan American Energy) ROCE % : -44.73% (As of Dec. 2023)

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What is Pan American Energy 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. Pan American Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was -44.73%.

Pan American Energy ROCE % Historical Data

The historical data trend for Pan American Energy'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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Pan American Energy ROCE % Chart

Pan American Energy Annual Data

Trend

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr21

Mar22

Mar23

ROCE %

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-125.55

-87.34

-66.24

-42.69

-144.47

Pan American Energy Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Apr21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-136.08	-117.93	-16.05	-26.78	-44.73

Pan American Energy ROCE % Calculation

Pan American Energy's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-5.295	/	( ( (1.155 - 0.094)	+	(7.734 - 1.465) )	/ 2 )
	=	-5.295	/	( (1.061	+	6.269)	/ 2 )
	=	-5.295	/	3.665
	=	-144.47 %

Pan American Energy'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 )
	=	-4.384	/	( ( (7.43 - 1.18)	+	(15.267 - 1.914) )	/ 2 )
	=	-4.384	/	( ( 6.25	+	13.353 )	/ 2 )
	=	-4.384	/	9.8015
	=	-44.73 %

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

Pan American Energy (OTCPK:PAANF) 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.

Pan American Energy ROCE % Related Terms

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Pan American Energy (Pan American Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan American Energy Corp (OTCPK:PAANF) » Definitions » ROCE %

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SS60:Germany

Address

521 3rd Avenue SW, Suite 100, Calgary, AB, CAN, T2P 3T3

Website

https://www.panam-energy.com

Pan American Energy Corp is a North American mining exploration company engaged in the business of expanding the boundaries of the lithium supply chain through the acquisition, exploration and development of mineral properties. The company has a diversified asset base in Canada and the USA including hard rock lithium (Ontario) and claystone lithium (Nevada).