Prudent Minerals (XCNQ:PRUD) ROCE % : -17.63% (As of Nov. 2023)

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What is Prudent Minerals 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. Prudent Minerals's annualized ROCE % for the quarter that ended in Nov. 2023 was -17.63%.

Prudent Minerals ROCE % Historical Data

The historical data trend for Prudent Minerals'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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Prudent Minerals ROCE % Chart

Prudent Minerals Annual Data

Trend

Feb21

Feb22

Feb23

ROCE %

-1.37

-17.71

-55.60

Prudent Minerals Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial							-80.80	-79.60	-56.78	-43.98	-17.63

Prudent Minerals ROCE % Calculation

Prudent Minerals's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.717	/	( ( (1.585 - 0.049)	+	(1.292 - 0.249) )	/ 2 )
	=	-0.717	/	( (1.536	+	1.043)	/ 2 )
	=	-0.717	/	1.2895
	=	-55.60 %

Prudent Minerals's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.344	/	( ( (2.603 - 0.642)	+	(2.616 - 0.674) )	/ 2 )
	=	-0.344	/	( ( 1.961	+	1.942 )	/ 2 )
	=	-0.344	/	1.9515
	=	-17.63 %

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

Prudent Minerals (XCNQ:PRUD) 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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Prudent Minerals (XCNQ:PRUD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prudent Minerals Corp (XCNQ:PRUD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Melville Street, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

Prudent Minerals Corp is a natural resource company engaged in the acquisition, exploration, and development of mineral properties. Its objective is to conduct an exploration program on the SAT Property located in west central British Columbia.

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