Panther Metals (ASX:PNT) ROCE % : -19.51% (As of Jun. 2023)

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What is Panther Metals 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. Panther Metals's annualized ROCE % for the quarter that ended in Jun. 2023 was -19.51%.

Panther Metals ROCE % Historical Data

The historical data trend for Panther Metals'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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Panther Metals ROCE % Chart

Panther Metals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-5.10

-18.95

-19.86

Panther Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-13.57	-24.24	-19.51	-16.41

Panther Metals ROCE % Calculation

Panther Metals'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 )
	=	-1.195	/	( ( (5.238 - 0.164)	+	(7.31 - 0.35) )	/ 2 )
	=	-1.195	/	( (5.074	+	6.96)	/ 2 )
	=	-1.195	/	6.017
	=	-19.86 %

Panther Metals's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-1.214	/	( ( (5.238 - 0.164)	+	(8.1 - 0.731) )	/ 2 )
	=	-1.214	/	( ( 5.074	+	7.369 )	/ 2 )
	=	-1.214	/	6.2215
	=	-19.51 %

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

Panther Metals (ASX:PNT) 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.

Panther Metals ROCE % Related Terms

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Panther Metals (ASX:PNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panther Metals Ltd (ASX:PNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.panthermetals.com.au

Panther Metals Ltd is engaged in identifying and acquiring mineral exploration projects. The company owns interests in the Coglia Nickel-Cobalt Project, the Burtville East & Eight Foot Well Gold Project, the Red Flag Nickel Sulphide Project, the Merolia Gold Project, the Mikado Gold Project, the Annaburroo Gold Project, and the Marrakai Gold Project.