Prospector Metals (FRA:1ET) ROCE % : -36.22% (As of Sep. 2024)

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What is Prospector 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. Prospector Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -36.22%.

Prospector Metals ROCE % Historical Data

The historical data trend for Prospector 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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Prospector Metals ROCE % Chart

Prospector Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-116.62

-85.09

-98.59

-59.43

-32.24

Prospector Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-46.03	-23.15	-2.54	-25.01	-36.22

Prospector Metals ROCE % Calculation

Prospector 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 )
	=	-1.977	/	( ( (7.758 - 0.482)	+	(5.334 - 0.344) )	/ 2 )
	=	-1.977	/	( (7.276	+	4.99)	/ 2 )
	=	-1.977	/	6.133
	=	-32.24 %

Prospector Metals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-2.536	/	( ( (7.336 - 0.265)	+	(7.168 - 0.235) )	/ 2 )
	=	-2.536	/	( ( 7.071	+	6.933 )	/ 2 )
	=	-2.536	/	7.002
	=	-36.22 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Prospector Metals (FRA:1ET) 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.

Prospector Metals ROCE % Related Terms

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Prospector Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospector Metals Corp (FRA:1ET) » Definitions » ROCE %

Comparable Companies

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PMCOF:USA PPP:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.prospectormetalscorp.com

Prospector Metals Corp is a Discovery Group Company focused on district scale, early-stage exploration of gold and base metal prospects. The company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations.

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