PTX Metals (FRA:9PX) ROCE % : -20.68% (As of Sep. 2024)

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What is PTX 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. PTX Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -20.68%.

PTX Metals ROCE % Historical Data

The historical data trend for PTX 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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PTX Metals ROCE % Chart

PTX Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-80.36

-57.79

-59.95

-36.50

PTX Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-15.99	-40.15	-25.11	-20.56	-20.68

PTX Metals ROCE % Calculation

PTX 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 )
	=	-1.327	/	( ( (2.423 - 0.513)	+	(5.983 - 0.621) )	/ 2 )
	=	-1.327	/	( (1.91	+	5.362)	/ 2 )
	=	-1.327	/	3.636
	=	-36.50 %

PTX 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.108	/	( ( (6.029 - 0.536)	+	(5.852 - 0.63) )	/ 2 )
	=	-1.108	/	( ( 5.493	+	5.222 )	/ 2 )
	=	-1.108	/	5.3575
	=	-20.68 %

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

PTX Metals (FRA:9PX) 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.

PTX Metals ROCE % Related Terms

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PTX Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PTX Metals Inc (FRA:9PX) » Definitions » ROCE %

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PANXF:USA PTX:Canada

Address

130 King Street West, Suite 3680, The Exchange Tower, Toronto, ON, CAN, M5X 1B1

Website

https://www.ptxmetals.com

PTX Metals Inc is a Canadian-based mining exploration company. It is engaged in the acquisition, exploration, and development of mineral properties for the mining of precious and base metals in Canada. Its projects include South Timmins Mining, Green Canada, W2 Project, and Muskrat.

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