PGLDF (P2 Gold) ROCE % : 0.00% (As of Sep. 2024)

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What is P2 Gold 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. P2 Gold's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

P2 Gold ROCE % Historical Data

The historical data trend for P2 Gold'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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P2 Gold ROCE % Chart

P2 Gold Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-137.37

-121.43

-445.81

-1,656.16

P2 Gold Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1,503.26	-690.43	-	-	-

P2 Gold ROCE % Calculation

P2 Gold's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-10.933	/	( ( (6.603 - 5.349)	+	(1.776 - 9.016) )	/ 2 )
	=	-10.933	/	( (1.254	+	-7.24)	/ 2 )
	=	-10.933	/	-2.993
	=	365.29 %

P2 Gold'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 )
	=	-1.608	/	( ( (0.281 - 3.266)	+	(0.676 - 3.339) )	/ 2 )
	=	-1.608	/	( ( -2.985	+	-2.663 )	/ 2 )
	=	-1.608	/	-2.824
	=	0 %

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

P2 Gold (OTCPK:PGLDF) 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.

P2 Gold ROCE % Related Terms

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P2 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P2 Gold Inc (OTCPK:PGLDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4Z9:Germany PGLD:Canada

Address

999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2

Website

https://www.p2gold.com

P2 Gold Inc is a mineral exploration company engaged in the acquisition, exploration and development of mineral resource properties primarily in British Columbia, Canada and the western United States. Its property portfolio includes the Silver Reef Property, Gabbs Project, Lost Cabin Property and others.