DBGF (Panex Resources) ROC %: 0.00% (As of Aug. 2016)


What is Panex Resources ROC %?

Panex Resources DBGF ROC % is 0.00% as of Aug. 2016.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Panex Resources's annualized return on capital (ROC %) for the quarter that ended in Aug. 2016 was 0.00%.

As of today (2026-06-24), Panex Resources's WACC % is 0.00%. Panex Resources's ROC % is 0.00% (calculated using TTM income statement data). Panex Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Panex Resources  (OTCPK:DBGF) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Panex Resources's WACC % is 0.00%. Panex Resources's ROC % is 0.00% (calculated using TTM income statement data). Panex Resources earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Panex Resources ROC % Related Terms

Panex Resources ROC % Historical Data

* Premium members only.

The historical data trend for Panex Resources's ROC % 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.

Panex Resources ROC % Chart

Panex Resources Annual Data
Trend Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -155.18 -309.09 -1,817.27 0.00 0.00

Panex Resources Quarterly Data
Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Panex Resources ROC % Calculation

Panex Resources's annualized Return on Capital (ROC %) for the fiscal year that ended in Aug. 2016 is calculated as:

ROC % (A: Aug. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Aug. 2015 ) + Invested Capital (A: Aug. 2016 ))/ count )
=-0.687 * ( 1 - 0% )/( (0 + 0)/ 1 )
=-0.687/0
= %

where

Invested Capital(A: Aug. 2015 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.667 - 0.075 - ( 0.667 - max(0, 0.075 - 0.667+0.667))
=0

Invested Capital(A: Aug. 2016 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.633 - 0.21 - ( 0.633 - max(0, 0.21 - 0.633+0.633))
=0

Panex Resources's annualized Return on Capital (ROC %) for the quarter that ended in Aug. 2016 is calculated as:

ROC % (Q: Aug. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: May. 2016 ) + Invested Capital (Q: Aug. 2016 ))/ count )
=-1.964 * ( 1 - 0% )/( (0 + 0)/ 1 )
=-1.964/0
= %

where

Invested Capital(Q: May. 2016 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.523 - 0.044 - ( 0.523 - max(0, 0.044 - 0.523+0.523))
=0

Invested Capital(Q: Aug. 2016 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=0.633 - 0.21 - ( 0.633 - max(0, 0.21 - 0.633+0.633))
=0

Note: The Operating Income data used here is four times the quarterly (Aug. 2016) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 0.00% mean?
Panex Resources (DBGF) has a ROC % of 0.00% as of Aug. 2016. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Panex Resources and its competitors.
Is Panex Resources' ROC % too high?
Panex Resources' current ROC % is 0.00%.
How does Panex Resources' ROC % compare to competitors?
Panex Resources' ROC % of 0.00% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Panex Resources and its competitors. Panex Resources's current ROC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panex Resources stock overvalued right now?
Panex Resources (DBGF) has a current ROC % of 0.00%. The current ROC % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Panex Resources (DBGF), the current ROC % is 0.00% as of Aug. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Panex Resources Business Description

Address 504A Casabianca, 17 Bd du Larvotto, Monte Carlo, MCO, 98000
Panex Resources Inc is a mineral exploration company in Africa. It is engaged in the acquisition and exploration of mineral properties. The company is an exploration stage company. Its exploration program will be designed to explore for commercially viable deposits of base and precious minerals such as gold, silver, lead, barium, mercury, copper and zinc minerals.