Premium Resources (TSXV:PREM) ROCE % : -161.66% (As of Dec. 2024)

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What is Premium 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. Premium Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -161.66%.

Premium Resources ROCE % Historical Data

The historical data trend for Premium 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.

* Premium members only.

Premium Resources ROCE % Chart

Premium Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-5.76

-42.59

-212.09

-98.96

-150.10

Premium Resources Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial												-87.97	-20.33	-66.00	-121.72	-161.66

Premium Resources ROCE % Calculation

Premium Resources's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-39.311	/	( ( (37.974 - 5.891)	+	(24.953 - 4.655) )	/ 2 )
	=	-39.311	/	( (32.083	+	20.298)	/ 2 )
	=	-39.311	/	26.1905
	=	-150.10 %

Premium Resources'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 )
	=	-42.04	/	( ( (37.292 - 5.58)	+	(24.953 - 4.655) )	/ 2 )
	=	-42.04	/	( ( 31.712	+	20.298 )	/ 2 )
	=	-42.04	/	26.005
	=	-161.66 %

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

Premium Resources (TSXV:PREM) 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.

Premium Resources ROCE % Related Terms

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Premium Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premium Resources Ltd (TSXV:PREM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PRMLF:USA R10:Germany

Address

100 King Street West, Suite 3400, Toronto, ON, CAN, M5X 1A4

Website

https://www.premiumresources.com

Premium Resources Ltd is a mineral exploration and development company focused on discovering and advancing high-quality copper- nickel-cobalt-platinum element metals (Cu- Ni-Co-PGE) resources. The principal assets of the company are the Selebi and Selebi North nickel-copper-cobalt ("Ni-Cu-Co") mines (the "Selebi Mines") in Botswana and related infrastructure (together, the "Selebi Assets"), as well as the nickel, copper, cobalt, platinum-group elements ("Ni-Cu-Co-PGE") Selkirk mine (the "Selkirk Mine") in Botswana. It manages a global portfolio, including the 100% owned Maniitsoq project in Greenland and the Post-Creek and Halcyon projects in Northern Ontario, Canada.

Executives

Donald Lee Newberry	Director
Sean Michael Whiteford	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
William Michael O'reilly	Director
David Newman	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Richard William Keith Morrison	Director, Senior Officer
Boris Richard Kamstra	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Peter Leonard Rawlins	Senior Officer
Mark Christensen	Director
Jason Joseph Leblanc	Director
Sheldon Inwentash	10% Security Holder
Peter Lightfoot	Senior Officer

Premium Resources Headlines

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