Parabellum Resources (ASX:PBL) ROCE % : -13.76% (As of Jun. 2024)

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What is Parabellum 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. Parabellum Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.76%.

Parabellum Resources ROCE % Historical Data

The historical data trend for Parabellum 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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Parabellum Resources ROCE % Chart

Parabellum Resources Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-13.12

-45.60

-10.19

Parabellum Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-65.73	-18.49	-11.12	-13.76	-92.48

Parabellum Resources ROCE % Calculation

Parabellum Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.65	/	( ( (11.05 - 2.425)	+	(4.276 - 0.149) )	/ 2 )
	=	-0.65	/	( (8.625	+	4.127)	/ 2 )
	=	-0.65	/	6.376
	=	-10.19 %

Parabellum Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-0.582	/	( ( (4.483 - 0.153)	+	(4.276 - 0.149) )	/ 2 )
	=	-0.582	/	( ( 4.33	+	4.127 )	/ 2 )
	=	-0.582	/	4.2285
	=	-13.76 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Parabellum Resources (ASX:PBL) 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.

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Parabellum Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Parabellum Resources Ltd (ASX:PBL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

52 Ord Street, West Perth, WA, AUS, 6005

Website

https://www.parabellumresources.com.au

Parabellum Resources Ltd is an exploration company focused on the discovery of copper and other base metal mineral reserves in Australia. Its projects include Khotgar Rare Earths Project, Nyngan/Cobar Copper & Gold projects.