Patterson Metals (TSXV:PAT) ROCE % : -30.07% (As of Jul. 2024)

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What is Patterson Metals 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. Patterson Metals's annualized ROCE % for the quarter that ended in Jul. 2024 was -30.07%.

Patterson Metals ROCE % Historical Data

The historical data trend for Patterson Metals'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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Patterson Metals ROCE % Chart

Patterson Metals Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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-117.34

-18.50

-105.64

-30.00

-72.14

Patterson Metals Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial															-354.00	11.29	-19.31	-18.49	-30.07

Patterson Metals ROCE % Calculation

Patterson Metals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.69	/	( ( (0.825 - 0.072)	+	(1.185 - 0.025) )	/ 2 )
	=	-0.69	/	( (0.753	+	1.16)	/ 2 )
	=	-0.69	/	0.9565
	=	-72.14 %

Patterson Metals's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	-0.356	/	( ( (1.316 - 0.089)	+	(1.249 - 0.108) )	/ 2 )
	=	-0.356	/	( ( 1.227	+	1.141 )	/ 2 )
	=	-0.356	/	1.184
	=	-30.07 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2024) EBIT data.

Patterson Metals (TSXV:PAT) 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.

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Patterson Metals Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Patterson Metals Corp (TSXV:PAT) » Definitions » ROCE %

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Address

885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8

Website

https://www.trenchmetals.com

Patterson Metals Corp formerly Trench Metals Corp is engaged in the business of exploration and mining metals. The projects of the company include The Higginson Lake Uranium Project, The Spreckley Lake Uranium Project, and The Carter Lake Uranium Project.

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