PMMEF (Premium Exploration) ROCE %: -197.35% (As of Sep. 2014)


What is Premium Exploration ROCE %?

Premium Exploration PMMEF -90.00% ROCE % is -197.35% as of Sep. 2014.

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. Premium Exploration's annualized ROCE % for the quarter that ended in Sep. 2014 was -197.35%.

Premium Exploration  (OTCPK:PMMEF) 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.

Premium Exploration ROCE % Related Terms

Premium Exploration ROCE % Historical Data

* Premium members only.

The historical data trend for Premium Exploration'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.

Premium Exploration ROCE % Chart

Premium Exploration Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROCE %
Get a 7-Day Free Trial Premium Member Only -378.74 -147.74 -134.77 -77.83 -45.48

Premium Exploration Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -68.61 -84.18 -101.48 -30.85 -197.35

Premium Exploration ROCE % Calculation

Premium Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=-1.191/( ( (3.78 - 0.855) + (3.246 - 0.934) )/ 2 )
=-1.191/( (2.925+2.312)/ 2 )
=-1.191/2.6185
=-45.48 %

Premium Exploration's ROCE % of for the quarter that ended in Sep. 2014 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2014 )  (Q: Jun. 2014 )(Q: Sep. 2014 )
=-2.46/( ( (2.595 - 1.013) + (2.419 - 1.508) )/ 2 )
=-2.46/( ( 1.582 + 0.911 )/ 2 )
=-2.46/1.2465
=-197.35 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2014) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -197.35% mean?
Premium Exploration (PMMEF) has a ROCE % of -197.35% as of Sep. 2014.
Is Premium Exploration's ROCE % too high?
Premium Exploration's current ROCE % is -197.35%.
How does Premium Exploration's ROCE % compare to competitors?
Premium Exploration's ROCE % of -197.35% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Premium Exploration's current ROCE % is -197.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premium Exploration stock overvalued right now?
Premium Exploration (PMMEF) has a current ROCE % of -197.35%. The current ROCE % is -197.35%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Premium Exploration (PMMEF), the current ROCE % is -197.35% as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Premium Exploration Business Description

Address 254 W. Hanley Avenue, Suite A, Coeur d\'Alene, ID, USA, 83815
Premium Exploration Inc is a mineral exploration company operating in Canada. It mainly explores and develops precious metal properties. The company owns an interest in the Idaho Gold Project, which includes Buffalo Gulch Zone, the Deadwood Zone, the Friday Zone, the Project X Zone, the Monday Zone and the Lucky Strike Zone. It also holds exploration interest in Chrome Mountain Property.