Persistence Resources Group (HKSE:02489) ROCE % : 15.06% (As of Dec. 2023)

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What is Persistence Resources Group 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. Persistence Resources Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.06%.

Persistence Resources Group ROCE % Historical Data

The historical data trend for Persistence Resources Group'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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Persistence Resources Group ROCE % Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

29.73

15.51

27.01

16.65

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	35.16	21.29	20.66	15.06

Persistence Resources Group ROCE % Calculation

Persistence Resources Group'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 )
	=	163.44	/	( ( (989.464 - 163.522)	+	(1332.114 - 194.787) )	/ 2 )
	=	163.44	/	( (825.942	+	1137.327)	/ 2 )
	=	163.44	/	981.6345
	=	16.65 %

Persistence Resources Group'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 )
	=	151.406	/	( ( (1058.282 - 185.256)	+	(1332.114 - 194.787) )	/ 2 )
	=	151.406	/	( ( 873.026	+	1137.327 )	/ 2 )
	=	151.406	/	1005.1765
	=	15.06 %

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

Persistence Resources Group (HKSE:02489) 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.

Persistence Resources Group ROCE % Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Executives

Majestic Gold Corp.	2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

Persistence Resources Group (HKSE:02489) Headlines

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