Pilbara Minerals (Pilbara Minerals) ROCE %

: 21.67% (As of Dec. 2023)

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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. Pilbara Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.67%.

Pilbara Minerals ROCE % Historical Data

The historical data trend for Pilbara 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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Pilbara Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-3.25

-13.97

-3.92

62.46

120.78

Pilbara Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																28.76	95.15	154.55	93.45	21.67

Pilbara Minerals ROCE % Calculation

Pilbara Minerals'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 )
	=	2278.981	/	( ( (1390.294 - 237.067)	+	(3489.151 - 868.508) )	/ 2 )
	=	2278.981	/	( (1153.227	+	2620.643)	/ 2 )
	=	2278.981	/	1886.935
	=	120.78 %

Pilbara Minerals'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 )
	=	562.754	/	( ( (3489.151 - 868.508)	+	(2943.28 - 369.658) )	/ 2 )
	=	562.754	/	( ( 2620.643	+	2573.622 )	/ 2 )
	=	562.754	/	2597.1325
	=	21.67 %

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

Pilbara Minerals (OTCPK:PILBF) 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.

Pilbara Minerals ROCE % Related Terms

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Pilbara Minerals (Pilbara Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pilbara Minerals Ltd (OTCPK:PILBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLR:Germany PLS:Australia

Address

146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.pilbaraminerals.com.au

Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and mining of resources. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.