SNNGF (PPX Mining) ROCE % : 39.89% (As of Dec. 2024)

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What is PPX 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. PPX Mining's annualized ROCE % for the quarter that ended in Dec. 2024 was 39.89%.

PPX Mining ROCE % Historical Data

The historical data trend for PPX 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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PPX Mining ROCE % Chart

PPX Mining Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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-50.41

-165.74

95.66

-41.75

PPX Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.49	-134.72	-59.56	-5.73	39.89

PPX Mining ROCE % Calculation

PPX Mining's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-3.544	/	( ( (9.327 - 1.839)	+	(10.86 - 1.372) )	/ 2 )
	=	-3.544	/	( (7.488	+	9.488)	/ 2 )
	=	-3.544	/	8.488
	=	-41.75 %

PPX Mining's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	3.792	/	( ( (10.86 - 1.372)	+	(11.364 - 1.841) )	/ 2 )
	=	3.792	/	( ( 9.488	+	9.523 )	/ 2 )
	=	3.792	/	9.5055
	=	39.89 %

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

PPX Mining (OTCPK:SNNGF) 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.

PPX Mining ROCE % Related Terms

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PPX Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PPX:Peru PPX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.ppxmining.com

PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.