Pegmatite One Lithium and Gold (XCNQ:PGA) ROCE % : -78.94% (As of May. 2024)

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What is Pegmatite One Lithium and Gold 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. Pegmatite One Lithium and Gold's annualized ROCE % for the quarter that ended in May. 2024 was -78.94%.

Pegmatite One Lithium and Gold ROCE % Historical Data

The historical data trend for Pegmatite One Lithium and Gold'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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Pegmatite One Lithium and Gold ROCE % Chart

Pegmatite One Lithium and Gold Annual Data

Trend

Aug21

Aug22

Aug23

ROCE %

-18.95

-39.21

-35.44

Pegmatite One Lithium and Gold Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial								-30.25	-24.18	-99.26	-140.57	-78.94

Pegmatite One Lithium and Gold ROCE % Calculation

Pegmatite One Lithium and Gold's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-0.389	/	( ( (1.734 - 0.069)	+	(0.81 - 0.28) )	/ 2 )
	=	-0.389	/	( (1.665	+	0.53)	/ 2 )
	=	-0.389	/	1.0975
	=	-35.44 %

Pegmatite One Lithium and Gold's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-0.208	/	( ( (0.548 - 0.261)	+	(0.542 - 0.302) )	/ 2 )
	=	-0.208	/	( ( 0.287	+	0.24 )	/ 2 )
	=	-0.208	/	0.2635
	=	-78.94 %

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

Pegmatite One Lithium and Gold (XCNQ:PGA) 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.

Pegmatite One Lithium and Gold ROCE % Related Terms

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Pegmatite One Lithium and Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pegmatite One Lithium and Gold Corp (XCNQ:PGA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Wanless Avenue, Suite 201, Toronto, ON, CAN, M4N 1V6

Website

https://www.pegmatiteone.com

Pegmatite One Lithium and Gold Corp, formerly Madi Minerals Ltd is Canadian-based junior mining company positioned to benefit from the future growth of lithium.

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