Prairie Provident Resources (TSX:PPR) ROCE % : -69.83% (As of Dec. 2023)

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What is Prairie Provident Resources 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. Prairie Provident Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -69.83%.

Prairie Provident Resources ROCE % Historical Data

The historical data trend for Prairie Provident Resources'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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Prairie Provident Resources ROCE % Chart

Prairie Provident Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.90

-30.79

13.16

12.95

-3.15

Prairie Provident Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															13.30	61.43	-15.38	0.96	-69.83

Prairie Provident Resources ROCE % Calculation

Prairie Provident Resources'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 )
	=	-1.289	/	( ( (223.13 - 175.002)	+	(167.334 - 133.691) )	/ 2 )
	=	-1.289	/	( (48.128	+	33.643)	/ 2 )
	=	-1.289	/	40.8855
	=	-3.15 %

Prairie Provident Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-39.808	/	( ( (180.384 - 100.018)	+	(167.334 - 133.691) )	/ 2 )
	=	-39.808	/	( ( 80.366	+	33.643 )	/ 2 )
	=	-39.808	/	57.0045
	=	-69.83 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Prairie Provident Resources (TSX:PPR) 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.

Prairie Provident Resources ROCE % Related Terms

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Prairie Provident Resources (TSX:PPR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prairie Provident Resources Inc (TSX:PPR) » Definitions » ROCE %

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PRPRF:USA 09N:Germany 09N:Germany

Address

1100, 640 - 5th Avenue SW, Calgary, AB, CAN, T2P 3G4

Website

https://www.ppr.ca

Prairie Provident Resources Inc is an independent oil and natural gas exploration, development, and production company generating revenue from Oil and natural gas. The company's operations are primarily focused on the Princess and Michichi areas in Southern Alberta targeting the Ellerslie, Lithic Glauconite and Banff formations, along with an established and proven waterflood project at its Evi property located in the Peace River Arch area of Northern Alberta.

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