Peregrine Gold (ASX:PGD) ROCE % : -68.57% (As of Dec. 2023)

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What is Peregrine Gold 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. Peregrine Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -68.57%.

Peregrine Gold ROCE % Historical Data

The historical data trend for Peregrine Gold'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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Peregrine Gold ROCE % Chart

Peregrine Gold Annual Data

Trend

Jun22

Jun23

ROCE %

-38.67

-53.92

Peregrine Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-55.73	-32.66	-66.83	-53.69	-68.57

Peregrine Gold ROCE % Calculation

Peregrine Gold'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 )
	=	-4.21	/	( ( (8.409 - 0.229)	+	(7.906 - 0.47) )	/ 2 )
	=	-4.21	/	( (8.18	+	7.436)	/ 2 )
	=	-4.21	/	7.808
	=	-53.92 %

Peregrine Gold'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 )
	=	-4.926	/	( ( (7.906 - 0.47)	+	(7.416 - 0.485) )	/ 2 )
	=	-4.926	/	( ( 7.436	+	6.931 )	/ 2 )
	=	-4.926	/	7.1835
	=	-68.57 %

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

Peregrine Gold (ASX:PGD) 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.

Peregrine Gold ROCE % Related Terms

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Peregrine Gold (ASX:PGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Peregrine Gold Ltd (ASX:PGD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

9VA:Germany

Address

945 Wellington Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.peregrinegold.com.au

Peregrine Gold Ltd is a mineral exploration company with interests in projects in Western Australia. Its Pilbara Gold Project is an early-stage exploration project that is located in the Pilbara region of Western Australia which is considered prospective for gold. The company's project includes the Newman Gold Project, Rocklea Gold Project, Mallina Gold Project, and Pilgangoora North Lithium Project.

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