PLMNF (Palamina) ROCE % : -255.03% (As of Sep. 2024)

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What is Palamina 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. Palamina's annualized ROCE % for the quarter that ended in Sep. 2024 was -255.03%.

Palamina ROCE % Historical Data

The historical data trend for Palamina'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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Palamina ROCE % Chart

Palamina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-299.60

-212.34

-121.74

Palamina 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															-	-234.09	-43.17	-150.14	-255.03

Palamina ROCE % Calculation

Palamina'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 )
	=	-1.274	/	( ( (0.225 - 0.326)	+	(2.766 - 0.572) )	/ 2 )
	=	-1.274	/	( (-0.101	+	2.194)	/ 2 )
	=	-1.274	/	1.0465
	=	-121.74 %

Palamina'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 )
	=	-2.688	/	( ( (1.697 - 0.372)	+	(1.204 - 0.421) )	/ 2 )
	=	-2.688	/	( ( 1.325	+	0.783 )	/ 2 )
	=	-2.688	/	1.054
	=	-255.03 %

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

Palamina (OTCPK:PLMNF) 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.

Palamina ROCE % Related Terms

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Palamina Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Palamina Corp (OTCPK:PLMNF) » Definitions » ROCE %

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PA:Canada

Address

145 King Street West, Suite 2870, Toronto, ON, CAN, M5H 1J8

Website

https://www.palamina.com

Palamina Corp is a Canada-based exploration stage company focused on the exploration of economic mineral deposits in Peru, and to a lesser extent in Mexico. The company's properties include the Peru Properties and El Santuario Properties. Some of its projects include the Coasa Gold Project, Bendi Gold Project, and Lagos Silver Copper Project, among others. It operates in a single segment. Geographically, it operates in Canada, Peru, and Mexico, out of which the majority is from Canada.

Palamina Headlines

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