Prosper Gold (TSXV:PGX) ROC % : -118.43% (As of Oct. 2024)

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What is Prosper Gold ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Prosper Gold's annualized return on capital (ROC %) for the quarter that ended in Oct. 2024 was -118.43%.

As of today (2025-03-23), Prosper Gold's WACC % is 3.08%. Prosper Gold's ROC % is -132.33% (calculated using TTM income statement data). Prosper Gold earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Prosper Gold ROC % Historical Data

The historical data trend for Prosper Gold'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.

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Prosper Gold ROC % Chart

Prosper Gold Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

ROC %

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-95.58

-659.90

-367.07

-163.17

-128.66

Prosper Gold Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROC %	Get a 7-Day Free Trial															-86.97	-189.42	-41.96	-180.29	-118.43

Prosper Gold ROC % Calculation

Prosper Gold's annualized Return on Capital (ROC %) for the fiscal year that ended in Oct. 2024 is calculated as:

	ROC % (A: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Oct. 2023 )	+	Invested Capital (A: Oct. 2024 ))	/ count )
=	-2.076 * ( 1 - 3.97% )	/	( (1.586	+	1.513)	/ 2 )
=	-1.9935828	/	1.5495
=	-128.66 %

where

	Invested Capital		(A: Oct. 2023 )
=	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	))
=	1.843	-	0.094	-	( 0.189	-	max(0, 0.134	-	0.297	+	0.189	))
=	1.586

	Invested Capital		(A: Oct. 2024 )
=	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	))
=	2.123	-	0.122	-	( 0.488	-	max(0, 0.122	-	0.622	+	0.488	))
=	1.513

Prosper Gold's annualized Return on Capital (ROC %) for the quarter that ended in Oct. 2024 is calculated as:

	ROC % (Q: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Oct. 2024 ))	/ count )
=	-1.764 * ( 1 - 0% )	/	( (1.466	+	1.513)	/ 2 )
=	-1.764	/	1.4895
=	-118.43 %

where

	Invested Capital		(Q: Jul. 2024 )
=	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	))
=	1.933	-	0.084	-	( 0.383	-	max(0, 0.084	-	0.487	+	0.383	))
=	1.466

	Invested Capital		(Q: Oct. 2024 )
=	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	))
=	2.123	-	0.122	-	( 0.488	-	max(0, 0.122	-	0.622	+	0.488	))
=	1.513

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

Prosper Gold (TSXV:PGX) 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, Prosper Gold's WACC % is 3.08%. Prosper Gold's ROC % is -132.33% (calculated using TTM income statement data). Prosper Gold 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.

Prosper Gold ROC % Related Terms

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Prosper Gold Business Description

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PGXFF:USA 2QPA:Germany

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 3L6

Website

https://www.prospergoldcorp.com

Prosper Gold Corp is an exploration and development company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties in British Columbia and Ontario. The company is focused on the exploration and development of the Star property in British Columbia, Canada, and exploration and development of the Ontario Projects in Ontario, Canada which includes sub-projects such as Golden Sidewalk Project, Mohave Gold Project, Nevada, United States, Cyprus Project, British Columbia, Canada and many-more.

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