Piche Resources (ASX:PR2) ROCE % : -201.06% (As of Dec. 2024)

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What is Piche 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. Piche Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -201.06%.

Piche Resources ROCE % Historical Data

The historical data trend for Piche 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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Piche Resources ROCE % Chart

Piche Resources Annual Data

Trend

Jun23

Jun24

ROCE %

-621.66

Piche Resources Semi-Annual Data
	Jun23	Dec23	Jun24	Dec24
ROCE %	-	-10.88	-84.40	-201.06

Piche Resources ROCE % Calculation

Piche 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 )
	=	-3.071	/	( ( (0 - 0)	+	(2.248 - 1.754) )	/ 1 )
	=	-3.071	/	( (0	+	0.494)	/ 1 )
	=	-3.071	/	0.494
	=	-621.66 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-7.222	/	( ( (2.248 - 1.754)	+	(7.15 - 0.46) )	/ 2 )
	=	-7.222	/	( ( 0.494	+	6.69 )	/ 2 )
	=	-7.222	/	3.592
	=	-201.06 %

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

Piche Resources (ASX:PR2) 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.

Piche Resources ROCE % Related Terms

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Piche Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Piche Resources Ltd (ASX:PR2) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.piche.com.au

Piche Resources Ltd is a mineral exploration company, focusing on exploration for uranium, as well as other precious and base metals, specifically, gold, silver, copper, lead, zinc and rare earth elements (REEs) in Western Australia and Argentina. The company owns a suite of seven granted exploration licences in Western Australia, covering four projects - Ashburton, GascoyneMinindi, Abydos and Beasley Creek. In Argentina the company owns 10 granted mining concessions and 18 applications for mining concessions covering two projects - Sierra Cuadrada and Cerro Chacon.

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