Pan Global Resources (TSXV:PGZ) ROCE % : -67.16% (As of Oct. 2024)

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What is Pan Global 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. Pan Global Resources's annualized ROCE % for the quarter that ended in Oct. 2024 was -67.16%.

Pan Global Resources ROCE % Historical Data

The historical data trend for Pan Global 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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Pan Global Resources ROCE % Chart

Pan Global Resources Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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-82.70

-100.85

-76.80

-70.37

-118.16

Pan Global Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															-130.56	-107.39	-86.71	-139.86	-67.16

Pan Global Resources ROCE % Calculation

Pan Global Resources's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-10.858	/	( ( (12.247 - 1.237)	+	(7.898 - 0.529) )	/ 2 )
	=	-10.858	/	( (11.01	+	7.369)	/ 2 )
	=	-10.858	/	9.1895
	=	-118.16 %

Pan Global Resources's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-4.868	/	( ( (4.917 - 0.492)	+	(10.502 - 0.431) )	/ 2 )
	=	-4.868	/	( ( 4.425	+	10.071 )	/ 2 )
	=	-4.868	/	7.248
	=	-67.16 %

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

Pan Global Resources (TSXV:PGZ) 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.

Pan Global Resources ROCE % Related Terms

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Pan Global Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan Global Resources Inc (TSXV:PGZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PGZFF:USA 2EU:Germany

Address

355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8

Website

https://www.panglobalresources.com

Pan Global Resources Inc is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The company is focused on the early stage exploration through to the development of resources of copper, tin, and other metals in Spain. The Company's flagship Escacena Project is located in the Iberian Pyrite Belt in southern Spain.

Executives

Timothy Moody	Senior Officer
Patrick Charles Evans	Director
Jason Alexander James Mercier	Senior Officer
Andrew Colin Marshall	Senior Officer
Robert Brian Parsons	Director
Brian Kerzner	Director
Robert William Baxter	Director, Senior Officer
Patrick Downey	Director