Platina Resources (Platina Resources) ROCE % : -45.95% (As of Dec. 2023)

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What is Platina 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. Platina Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -45.95%.

Platina Resources ROCE % Historical Data

The historical data trend for Platina 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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Platina Resources ROCE % Chart

Platina Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-5.03

-14.17

-19.51

-10.75

-50.10

Platina Resources 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															-8.90	-14.98	-52.31	-49.76	-45.95

Platina Resources ROCE % Calculation

Platina 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 )
	=	-2.28	/	( ( (6.147 - 0.307)	+	(3.646 - 0.385) )	/ 2 )
	=	-2.28	/	( (5.84	+	3.261)	/ 2 )
	=	-2.28	/	4.5505
	=	-50.10 %

Platina 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 )
	=	-3.036	/	( ( (3.646 - 0.385)	+	(10.244 - 0.292) )	/ 2 )
	=	-3.036	/	( ( 3.261	+	9.952 )	/ 2 )
	=	-3.036	/	6.6065
	=	-45.95 %

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

Platina Resources (OTCPK:PTNUF) 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.

Platina Resources ROCE % Related Terms

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Platina Resources (Platina Resources) Business Description

Industry

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

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P4R:Germany PGM:Australia

Address

c/- Corporate Consultants Pty Ltd, 389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.platinaresources.com.au

Platina Resources Ltd is a company engaged in acquiring, exploring and developing mineral interests, prospective for precious metals and other mineral deposits. The company focuses on platinum group metals, zinc and gold and base metals. It holds an interest in Blue Moon, Owendale, Munni Munni, Skaergaard and Qialivarteerpik Projects.Geographically it operates in Greenland, Australia and North America and derives key revenue from Greenland.

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