Pershing Resources Co (Pershing Resources Co) ROCE % : 0.00% (As of . 20)

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What is Pershing Resources Co 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. Pershing Resources Co's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Pershing Resources Co ROCE % Historical Data

The historical data trend for Pershing Resources Co'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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Pershing Resources Co ROCE % Chart

Pershing Resources Co Annual Data

Trend

ROCE %

Pershing Resources Co Quarterly Data

ROCE %

Pershing Resources Co ROCE % Calculation

Pershing Resources Co's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Pershing Resources Co's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Pershing Resources Co (OTCPK:PSGR) 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.

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Pershing Resources Co (Pershing Resources Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pershing Resources Co Inc (OTCPK:PSGR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 South Virginia Street, 8th Floor, Reno, NV, USA, 89501

Website

https://www.pershingpm.com

Pershing Resources Co Inc is a copper exploration and development company. The company is focused on the identification, exploration, and discovery of copper porphyry deposits in North America. The firm currently owns 100% mineral rights interest in nearly five porphyry-related copper-gold, silver (Cu, Au, Ag), projects in Arizona and approximately three gold and silver (Au and Ag) projects in Nevada. The New Enterprise Project is a copper, gold, and silver porphyry-related prospect near Kingman, Arizona, and is the company's lead project.