Primero Mining (Primero Mining) ROCE % : -59.93% (As of Mar. 2018)

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What is Primero Mining 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. Primero Mining's annualized ROCE % for the quarter that ended in Mar. 2018 was -59.93%.

Primero Mining ROCE % Historical Data

The historical data trend for Primero Mining'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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Primero Mining ROCE % Chart

Primero Mining Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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6.09

-23.91

2.99

-18.36

-89.07

Primero Mining Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
ROCE %	Get a 7-Day Free Trial															-4.09	-233.20	-10.44	-120.34	-59.93

Primero Mining ROCE % Calculation

Primero Mining's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-330.665	/	( ( (677.817 - 86.215)	+	(205.266 - 54.401) )	/ 2 )
	=	-330.665	/	( (591.602	+	150.865)	/ 2 )
	=	-330.665	/	371.2335
	=	-89.07 %

Primero Mining's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	-91.316	/	( ( (205.266 - 54.401)	+	(211.695 - 57.796) )	/ 2 )
	=	-91.316	/	( ( 150.865	+	153.899 )	/ 2 )
	=	-91.316	/	152.382
	=	-59.93 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

Primero Mining (OTCPK:PPPMF) 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.

Primero Mining ROCE % Related Terms

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Primero Mining (Primero Mining) Business Description

Industry

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

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Traded in Other Exchanges

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Address

79 Wellington Street West, Suite 2100, P.O. Box 139, TD Tower South, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

http://www.primeromining.com

Primero Mining Corp is a Canadian-based gold mining company. The company operates in two geographic areas; Mexico and Canada. Its operations are carried out from its San Dimas mine. The company owns 100% of the San Dimas gold-silver mine. Revenue is derived primarily derived from the sale of gold and silver.

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