Pensana (LSE:PRE) ROCE % : -12.49% (As of Dec. 2023)

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What is Pensana 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. Pensana's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.49%.

Pensana ROCE % Historical Data

The historical data trend for Pensana'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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Pensana ROCE % Chart

Pensana Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-42.79

-30.67

-36.28

-33.40

-8.95

Pensana 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															-22.16	-47.31	-20.07	-0.38	-12.49

Pensana ROCE % Calculation

Pensana'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 )
	=	-3.408	/	( ( (34.124 - 2.961)	+	(56.728 - 11.773) )	/ 2 )
	=	-3.408	/	( (31.163	+	44.955)	/ 2 )
	=	-3.408	/	38.059
	=	-8.95 %

Pensana'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 )
	=	-5.462	/	( ( (56.728 - 11.773)	+	(56.631 - 14.12) )	/ 2 )
	=	-5.462	/	( ( 44.955	+	42.511 )	/ 2 )
	=	-5.462	/	43.733
	=	-12.49 %

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

Pensana (LSE:PRE) 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.

Pensana ROCE % Related Terms

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Pensana (LSE:PRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pensana PLC (LSE:PRE) » Definitions » ROCE %

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PREl:UK 48W:Germany

Address

107 Cheapside, Suite 31, Second Floor, London, GBR, EC2V 6DN

Website

https://www.pensana.co.uk

Pensana PLC is an active Angolan and Saltend focused mineral exploration and development company. Its project includes Longonjo and Coola Exploration. The company has a presence in Australia and Angola.