Pursuit Minerals (ASX:PUR) ROCE % : -5.45% (As of Dec. 2023)

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What is Pursuit Minerals 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. Pursuit Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.45%.

Pursuit Minerals ROCE % Historical Data

The historical data trend for Pursuit Minerals'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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Pursuit Minerals ROCE % Chart

Pursuit Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-28.10

-25.95

-10.86

-15.35

-4.42

Pursuit Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-8.67	-14.04	-20.22	-5.45	-4.05

Pursuit Minerals ROCE % Calculation

Pursuit Minerals'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 )
	=	-4.528	/	( ( (13.007 - 0.417)	+	(47.356 - 0.946) )	/ 2 )
	=	-4.528	/	( (12.59	+	46.41)	/ 2 )
	=	-4.528	/	29.5
	=	-15.35 %

Pursuit Minerals'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 )
	=	-2.576	/	( ( (47.356 - 0.946)	+	(48.248 - 0.18) )	/ 2 )
	=	-2.576	/	( ( 46.41	+	48.068 )	/ 2 )
	=	-2.576	/	47.239
	=	-5.45 %

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

Pursuit Minerals (ASX:PUR) 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.

Pursuit Minerals ROCE % Related Terms

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Pursuit Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pursuit Minerals Ltd (ASX:PUR) » Definitions » ROCE %

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Address

600 Bourke Street, Level 35, Melbourne, VIC, AUS, 3000

Website

https://www.pursuitminerals.com.au

Pursuit Minerals Ltd is an Australian mineral exploration and project development company. The principal activity of the company is conducting mineral exploration activities and development activities at its Rio Grande Sur Lithium Project in Argentina. The business operating segment includes; Argentinian projects, Australian projects, and Corporate.

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