Pure Energy Minerals (TSXV:PE) ROCE % : -4.70% (As of Dec. 2023)

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What is Pure Energy 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. Pure Energy Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.70%.

Pure Energy Minerals ROCE % Historical Data

The historical data trend for Pure Energy 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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Pure Energy Minerals ROCE % Chart

Pure Energy Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-2.73

-1.46

-1.07

0.23

-0.98

Pure Energy Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.59	-1.40	-1.31	0.42	-4.70

Pure Energy Minerals ROCE % Calculation

Pure Energy 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 )
	=	-0.345	/	( ( (35.379 - 0.099)	+	(35.591 - 0.122) )	/ 2 )
	=	-0.345	/	( (35.28	+	35.469)	/ 2 )
	=	-0.345	/	35.3745
	=	-0.98 %

Pure Energy 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.68	/	( ( (35.689 - 0.092)	+	(35.989 - 0.08) )	/ 2 )
	=	-1.68	/	( ( 35.597	+	35.909 )	/ 2 )
	=	-1.68	/	35.753
	=	-4.70 %

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

Pure Energy Minerals (TSXV:PE) 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.

Pure Energy Minerals ROCE % Related Terms

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Pure Energy Minerals (TSXV:PE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pure Energy Minerals Ltd (TSXV:PE) » Definitions » ROCE %

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PEMIF:USA AHG:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E3V6

Website

https://www.pureenergyminerals.com

Pure Energy Minerals Ltd engages in the acquisition, exploration, and development of mineral properties. It is also involved in the exploration and development of mineral properties, with a focus on lithium brines and related processing of brines into lithium compounds. The company projects involve Clayton Valley.