Petra Diamonds (LSE:PDL) ROCE % : 0.89% (As of Dec. 2023)

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What is Petra Diamonds 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. Petra Diamonds's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.89%.

Petra Diamonds ROCE % Historical Data

The historical data trend for Petra Diamonds'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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Petra Diamonds ROCE % Chart

Petra Diamonds Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-15.61

-21.08

47.16

20.61

-0.40

Petra Diamonds 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															18.76	20.77	11.97	-14.56	0.89

Petra Diamonds ROCE % Calculation

Petra Diamonds'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 )
	=	-2.851	/	( ( (902.051 - 73.324)	+	(681.754 - 90.842) )	/ 2 )
	=	-2.851	/	( (828.727	+	590.912)	/ 2 )
	=	-2.851	/	709.8195
	=	-0.40 %

Petra Diamonds'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 )
	=	5.372	/	( ( (681.754 - 90.842)	+	(706.734 - 85.004) )	/ 2 )
	=	5.372	/	( ( 590.912	+	621.73 )	/ 2 )
	=	5.372	/	606.321
	=	0.89 %

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

Petra Diamonds (LSE:PDL) 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.

Petra Diamonds ROCE % Related Terms

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Petra Diamonds (LSE:PDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Petra Diamonds Ltd (LSE:PDL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PDLMF:USA PDLl:UK FPO:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.petradiamonds.com

Petra Diamonds Ltd is an independent diamond mining company and supplier of rough diamonds to the international market. Group functions through Mining and Exploration segment which include extraction and sale of rough diamonds from mining operations in South Africa and Tanzania and exploration activities in Botswana. Its operating mines include Finsch, Cullinan, Koffiefontein, and Williamson. Revenue for the firm is generated through the sale of goods.

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