Pure Energy Minerals (TSXV:PE) ROCE % : -1.45% (As of Dec. 2024)

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What is Pure Energy Minerals 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. Pure Energy Minerals's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.45%.

Pure Energy Minerals ROCE % Historical Data

The historical data trend for Pure Energy Minerals'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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Pure Energy Minerals ROCE % Chart

Pure Energy Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-1.46

-1.07

0.23

-0.98

-2.34

Pure Energy Minerals 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															-4.70	-2.81	-2.23	-0.78	-1.45

Pure Energy Minerals ROCE % Calculation

Pure Energy Minerals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.834	/	( ( (35.591 - 0.122)	+	(36.193 - 0.325) )	/ 2 )
	=	-0.834	/	( (35.469	+	35.868)	/ 2 )
	=	-0.834	/	35.6685
	=	-2.34 %

Pure Energy Minerals'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 )
	=	-0.52	/	( ( (36.099 - 0.235)	+	(36.252 - 0.371) )	/ 2 )
	=	-0.52	/	( ( 35.864	+	35.881 )	/ 2 )
	=	-0.52	/	35.8725
	=	-1.45 %

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

Pure Energy Minerals (TSXV:PE) 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.

Pure Energy Minerals ROCE % Related Terms

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Pure Energy Minerals Business Description

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PEMIF:USA AHG:Germany

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

https://www.pureenergyminerals.com

Pure Energy Minerals Ltd engages in the acquisition, exploration, and development of mineral properties. The company's flagship lithium brine project, the Clayton Valley Project is located in Clayton Valley, Nevada, United States. It is also engaged in developing new processing technologies for lithium through a collaboration with another firm. Geographically, the company operates in Canada and the United States of America.

Executives