Planet X II Capital (TSXV:PLXX.P) ROCE % : -25.71% (As of Dec. 2024)

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What is Planet X II Capital 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. Planet X II Capital's annualized ROCE % for the quarter that ended in Dec. 2024 was -25.71%.

Planet X II Capital ROCE % Historical Data

The historical data trend for Planet X II Capital'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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Planet X II Capital ROCE % Chart

Planet X II Capital Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-43.88

-13.81

-14.56

Planet X II Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial										-5.65	-5.30	-7.50	-44.88	-25.71

Planet X II Capital ROCE % Calculation

Planet X II Capital'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 )
	=	-0.023	/	( ( (0.157 - 0)	+	(0.159 - 0) )	/ 2 )
	=	-0.023	/	( (0.157	+	0.159)	/ 2 )
	=	-0.023	/	0.158
	=	-14.56 %

Planet X II Capital'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 )
	=	-0.036	/	( ( (0.149 - 0.005)	+	(0.136 - 0) )	/ 2 )
	=	-0.036	/	( ( 0.144	+	0.136 )	/ 2 )
	=	-0.036	/	0.14
	=	-25.71 %

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

Planet X II Capital (TSXV:PLXX.P) 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.

Planet X II Capital ROCE % Related Terms

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Planet X II Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Planet X II Capital Corp (TSXV:PLXX.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

885 West Georgia Street, 2200 Hsbc Building, Vancouver, BC, CAN, V6C 3E8

Website

Planet X II Capital Corp is a capital pool company.

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