Pacific Ridge Exploration (TSXV:PEX) ROCE % : -88.83% (As of Sep. 2024)

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What is Pacific Ridge Exploration 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. Pacific Ridge Exploration's annualized ROCE % for the quarter that ended in Sep. 2024 was -88.83%.

Pacific Ridge Exploration ROCE % Historical Data

The historical data trend for Pacific Ridge Exploration'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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Pacific Ridge Exploration ROCE % Chart

Pacific Ridge Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.35

-40.97

-256.79

-194.57

-137.09

Pacific Ridge Exploration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-279.14	-55.21	-30.67	-29.09	-88.83

Pacific Ridge Exploration ROCE % Calculation

Pacific Ridge Exploration'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 )
	=	-7.791	/	( ( (8.625 - 1.788)	+	(5.157 - 0.628) )	/ 2 )
	=	-7.791	/	( (6.837	+	4.529)	/ 2 )
	=	-7.791	/	5.683
	=	-137.09 %

Pacific Ridge Exploration'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 )
	=	-5.432	/	( ( (7.01 - 0.22)	+	(5.727 - 0.287) )	/ 2 )
	=	-5.432	/	( ( 6.79	+	5.44 )	/ 2 )
	=	-5.432	/	6.115
	=	-88.83 %

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

Pacific Ridge Exploration (TSXV:PEX) 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.

Pacific Ridge Exploration ROCE % Related Terms

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Pacific Ridge Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Ridge Exploration Ltd (TSXV:PEX) » Definitions » ROCE %

Comparable Companies

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PEXZF:USA PQW:Germany PQW:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.pacificridgeexploration.com

Pacific Ridge Exploration Ltd is a copper-gold exploration company. Pacific Ridge's flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel Terrane close to existing infrastructure. In addition to Kliyul, the company's project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia.

Executives

Aurico Metals Inc.	10% Security Holder
Salvador Miranda	Senior Officer
Arie Alisen Page	Senior Officer
Wilhelm K. T. Zours	10% Security Holder
Blaine Anthony Monaghan	Director, Senior Officer
Gerald George Carlson	Director, Senior Officer