Pasinex Resources (Pasinex Resources) ROCE % : -80.56% (As of Sep. 2023)

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What is Pasinex 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. Pasinex Resources's annualized ROCE % for the quarter that ended in Sep. 2023 was -80.56%.

Pasinex Resources ROCE % Historical Data

The historical data trend for Pasinex 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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Pasinex Resources ROCE % Chart

Pasinex Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-42.23

-222.12

Pasinex Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-295.25	-22.28	-137.81	610.84	-80.56

Pasinex Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.614	/	( ( (2.244 - 3.12)	+	(3.005 - 2.624) )	/ 2 )
	=	1.614	/	( (-0.876	+	0.381)	/ 2 )
	=	1.614	/	-0.2475
	=	-652.12 %

Pasinex Resources's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-0.696	/	( ( (2.979 - 2.158)	+	(2.99 - 2.083) )	/ 2 )
	=	-0.696	/	( ( 0.821	+	0.907 )	/ 2 )
	=	-0.696	/	0.864
	=	-80.56 %

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

Pasinex Resources (OTCPK:PSXRF) 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.

Pasinex Resources ROCE % Related Terms

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Pasinex Resources (Pasinex Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pasinex Resources Ltd (OTCPK:PSXRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PNX:Germany PSE:Canada

Address

2900-550 Burrard Street, Vancouver, BC, CAN, V6C 0A3

Website

https://www.pasinex.com

Pasinex Resources Ltd is engaged in the acquisition, exploration and development of mineral properties. The company holds interest in the projects Pinargozu Zinc Mine, Gunman project and Akkaya property. The company has a business presence in Turkey, Canada and the U.S. It has one operating segment, acquisition, exploration and development of mineral properties.

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