Pure Gold Mining (TSXV:PGM.H) ROCE % : -112.46% (As of Sep. 2022)

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What is Pure Gold Mining 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 Gold Mining's annualized ROCE % for the quarter that ended in Sep. 2022 was -112.46%.

Pure Gold Mining ROCE % Historical Data

The historical data trend for Pure Gold Mining'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 Gold Mining ROCE % Chart

Pure Gold Mining Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

ROCE %

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-100.96

-118.92

-30.29

-16.57

-13.36

Pure Gold Mining Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															-17.07	22.79	-47.40	-44.52	-112.46

Pure Gold Mining ROCE % Calculation

Pure Gold Mining's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-31.048	/	( ( (248.471 - 35.886)	+	(295.497 - 43.277) )	/ 2 )
	=	-31.048	/	( (212.585	+	252.22)	/ 2 )
	=	-31.048	/	232.4025
	=	-13.36 %

Pure Gold Mining's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	-153.752	/	( ( (272.026 - 47.753)	+	(260.627 - 211.466) )	/ 2 )
	=	-153.752	/	( ( 224.273	+	49.161 )	/ 2 )
	=	-153.752	/	136.717
	=	-112.46 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Pure Gold Mining (TSXV:PGM.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.

Pure Gold Mining ROCE % Related Terms

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Pure Gold Mining (TSXV:PGM.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pure Gold Mining Inc (TSXV:PGM.H) » Definitions » ROCE %

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Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.puregoldmining.ca

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

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