Pacgold (ASX:PGO) ROCE % : -4.95% (As of Dec. 2023)

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What is Pacgold 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. Pacgold's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.95%.

Pacgold ROCE % Historical Data

The historical data trend for Pacgold'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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Pacgold ROCE % Chart

Pacgold Annual Data

Trend

Jun22

Jun23

ROCE %

-6.24

-7.64

Pacgold Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-14.91	-8.05	-6.97	-8.33	-4.95

Pacgold ROCE % Calculation

Pacgold's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.29	/	( ( (17.804 - 0.581)	+	(17.104 - 0.555) )	/ 2 )
	=	-1.29	/	( (17.223	+	16.549)	/ 2 )
	=	-1.29	/	16.886
	=	-7.64 %

Pacgold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.886	/	( ( (17.104 - 0.555)	+	(19.627 - 0.414) )	/ 2 )
	=	-0.886	/	( ( 16.549	+	19.213 )	/ 2 )
	=	-0.886	/	17.881
	=	-4.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Pacgold (ASX:PGO) 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.

Pacgold ROCE % Related Terms

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Pacgold (ASX:PGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacgold Ltd (ASX:PGO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

71 Eagle Street, Level 38, Brisbane, QLD, AUS, 4000

Website

https://www.pacgold.com.au

Pacgold Ltd is a gold exploration company focused on progressing its key asset, the Alice River Gold Project in North Queensland. The Alice River Gold Project boasts new compelling high-grade gold targets along a corridor centered on a historical producing goldfield.

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