Patriot Resources (TSXV:MAGA.H) ROCE % : -2.20% (As of Sep. 2024)

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What is Patriot 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. Patriot Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.20%.

Patriot Resources ROCE % Historical Data

The historical data trend for Patriot 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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Patriot Resources ROCE % Chart

Patriot Resources Annual Data

Trend

Jan21

Jan22

Dec23

ROCE %

25.85

-8.59

-26.78

Patriot Resources Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										-14.35	-64.16	-27.03	-20.83	-2.20

Patriot Resources ROCE % Calculation

Patriot 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: Jan. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jan. 2022 )		(A: Dec. 2023 )
	=	-1.939	/	( ( (9.851 - 0.17)	+	(5.329 - 0.529) )	/ 2 )
	=	-1.939	/	( (9.681	+	4.8)	/ 2 )
	=	-1.939	/	7.2405
	=	-26.78 %

Patriot Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.18	/	( ( (8.618 - 0.4)	+	(8.553 - 0.38) )	/ 2 )
	=	-0.18	/	( ( 8.218	+	8.173 )	/ 2 )
	=	-0.18	/	8.1955
	=	-2.20 %

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

Patriot Resources (TSXV:MAGA.H) 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.

Patriot Resources ROCE % Related Terms

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Patriot Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Patriot Resources Corp (TSXV:MAGA.H) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

710 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.investors.fridaysdog.com

Patriot Resources Corp formerly, Fridays Dog Holdings Inc is a consumer brand company commercializing a science-driven formulation portfolio of pet care products that use natural, non-toxic ingredients and cruelty-free testing. The product portfolio consists of wash and care products, medicated aids, premium calming treats, and grooming tools.

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