Playfair Mining (TSXV:PLY) ROCE % : -2.76% (As of Nov. 2023)

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What is Playfair 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. Playfair Mining's annualized ROCE % for the quarter that ended in Nov. 2023 was -2.76%.

Playfair Mining ROCE % Historical Data

The historical data trend for Playfair 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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Playfair Mining ROCE % Chart

Playfair Mining Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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-58.80

-150.12

-81.60

-95.97

-12.81

Playfair Mining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-12.13	-18.11	-6.29	-7.64	-2.76

Playfair Mining ROCE % Calculation

Playfair Mining's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-0.349	/	( ( (2.678 - 0.182)	+	(3.201 - 0.25) )	/ 2 )
	=	-0.349	/	( (2.496	+	2.951)	/ 2 )
	=	-0.349	/	2.7235
	=	-12.81 %

Playfair Mining's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-0.092	/	( ( (3.627 - 0.289)	+	(3.64 - 0.302) )	/ 2 )
	=	-0.092	/	( ( 3.338	+	3.338 )	/ 2 )
	=	-0.092	/	3.338
	=	-2.76 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Playfair Mining (TSXV:PLY) 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.

Playfair Mining ROCE % Related Terms

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Playfair Mining (TSXV:PLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Playfair Mining Ltd (TSXV:PLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PLYFF:USA P1J1:Germany

Address

224-470 Granville Street, Vancouver, BC, CAN, V6C 1V5

Website

https://www.playfairmining.com

Playfair Mining Ltd is a mineral exploration company in Canada. The company engages in the acquisition and exploration of mineral properties in Canada and Ireland. Its project portfolio comprises of OX Mountain project in Ireland, and Grey River Tungsten located adjacent to the Grey River on the south coast of Newfoundland, and the RKV project. The company is exploring gold at its gold, copper, cobalt and nickel. The company operates in one reportable operating segment, being the acquisition and exploration of mineral properties in Norway.

Executives

Alan Douglas Brimacombe

10% Security Holder

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