Powerstone Metals (XCNQ:PS) ROCE % : -29.57% (As of Jan. 2024)

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What is Powerstone Metals 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. Powerstone Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -29.57%.

Powerstone Metals ROCE % Historical Data

The historical data trend for Powerstone Metals'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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Powerstone Metals ROCE % Chart

Powerstone Metals Annual Data

Trend

Oct22

Oct23

ROCE %

-102.61

Powerstone Metals Quarterly Data
	Jul22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial			-94.09	-	-55.79	-37.70	-29.57

Powerstone Metals ROCE % Calculation

Powerstone Metals's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.609	/	( ( (0.439 - 0.031)	+	(0.809 - 0.03) )	/ 2 )
	=	-0.609	/	( (0.408	+	0.779)	/ 2 )
	=	-0.609	/	0.5935
	=	-102.61 %

Powerstone Metals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.224	/	( ( (0.809 - 0.03)	+	(0.798 - 0.062) )	/ 2 )
	=	-0.224	/	( ( 0.779	+	0.736 )	/ 2 )
	=	-0.224	/	0.7575
	=	-29.57 %

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

Powerstone Metals (XCNQ:PS) 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.

Powerstone Metals ROCE % Related Terms

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Powerstone Metals (XCNQ:PS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Powerstone Metals Corp (XCNQ:PS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PWMCF:USA W0R:Germany

Address

1040 West Georgia Street, 19th Floor, Suite 1900, Vancouver, BC, CAN, V6E 4H3

Website

https://www.powerstonemetals.com

Powerstone Metals Corp is a mineral exploration company focused on the identification and exploration of high-quality critical metals assets. It is exploring Chilton Cobalt, a prospective cobalt asset located in Quebec, Canada.

Executives