PYX Resources (XNEC:PYX) ROCE % : -1.01% (As of Dec. 2023)

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What is PYX Resources 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. PYX Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.01%.

PYX Resources ROCE % Historical Data

The historical data trend for PYX Resources'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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PYX Resources ROCE % Chart

PYX Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

ROCE %

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-294.02

-10.07

-11.73

-12.45

PYX Resources 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															-7.81	-8.70	-14.37	-23.85	-1.01

PYX Resources ROCE % Calculation

PYX Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-15.536	/	( ( (132.083 - 8.255)	+	(139.093 - 13.413) )	/ 2 )
	=	-15.536	/	( (123.828	+	125.68)	/ 2 )
	=	-15.536	/	124.754
	=	-12.45 %

PYX Resources'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 )
	=	-1.272	/	( ( (135.957 - 10.572)	+	(139.093 - 13.413) )	/ 2 )
	=	-1.272	/	( ( 125.385	+	125.68 )	/ 2 )
	=	-1.272	/	125.5325
	=	-1.01 %

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

PYX Resources (XNEC:PYX) 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.

PYX Resources ROCE % Related Terms

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PYX Resources (XNEC:PYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PYX Resources Ltd (XNEC:PYX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PYX:UK

Address

56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.pyxresources.com

PYX Resources Ltd is engaged in mineral sands exploration and development. The firm has one business segment being the production of mineral sands (including premium zircon, rutile and ilmenite), activities from which it incurs costs and it generates substantial revenue from the same.

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