Platinum Group Metals (TSX:PTM) ROCE % : -6.88% (As of Feb. 2024)

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What is Platinum Group Metals 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. Platinum Group Metals's annualized ROCE % for the quarter that ended in Feb. 2024 was -6.88%.

Platinum Group Metals ROCE % Historical Data

The historical data trend for Platinum Group Metals'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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Platinum Group Metals ROCE % Chart

Platinum Group Metals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-22.33

-4.46

-28.52

-18.09

-11.35

Platinum Group Metals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-8.78	-10.14	-13.06	-12.63	-6.88

Platinum Group Metals ROCE % Calculation

Platinum Group Metals's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-7.576	/	( ( (69.337 - 1.448)	+	(67.418 - 1.842) )	/ 2 )
	=	-7.576	/	( (67.889	+	65.576)	/ 2 )
	=	-7.576	/	66.7325
	=	-11.35 %

Platinum Group Metals's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-4.648	/	( ( (69.823 - 0.906)	+	(66.817 - 0.537) )	/ 2 )
	=	-4.648	/	( ( 68.917	+	66.28 )	/ 2 )
	=	-4.648	/	67.5985
	=	-6.88 %

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

Platinum Group Metals (TSX:PTM) 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.

Platinum Group Metals ROCE % Related Terms

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Platinum Group Metals (TSX:PTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Platinum Group Metals Ltd (TSX:PTM) » Definitions » ROCE %

Comparable Companies

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PLG:USA P6MB:Germany

Address

1100 Melville Street, Suite 838, Vancouver, BC, CAN, V6E 4A6

Website

https://www.platinumgroupmetals.net

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.

Executives

Kris Begic

Senior Officer