Patriot Battery Metals (ASX:PMT) ROCE % : -8.63% (As of Dec. 2023)

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What is Patriot Battery 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. Patriot Battery Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.63%.

Patriot Battery Metals ROCE % Historical Data

The historical data trend for Patriot Battery 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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Patriot Battery Metals ROCE % Chart

Patriot Battery Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-35.95

-19.08

-20.66

-27.77

-14.32

Patriot Battery Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.08	34.76	7.23	4.64	-8.63

Patriot Battery Metals ROCE % Calculation

Patriot Battery Metals's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-7.527	/	( ( (28.513 - 2.953)	+	(117.931 - 38.332) )	/ 2 )
	=	-7.527	/	( (25.56	+	79.599)	/ 2 )
	=	-7.527	/	52.5795
	=	-14.32 %

Patriot Battery Metals'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-19.204	/	( ( (253.476 - 40.752)	+	(256.699 - 24.283) )	/ 2 )
	=	-19.204	/	( ( 212.724	+	232.416 )	/ 2 )
	=	-19.204	/	222.57
	=	-8.63 %

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

Patriot Battery Metals (ASX:PMT) 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.

Patriot Battery Metals ROCE % Related Terms

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Patriot Battery Metals (ASX:PMT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Battery Metals Inc (ASX:PMT) » Definitions » ROCE %

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PMETF:USA R9G:Germany PMET:Canada

Address

838 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.patriotbatterymetals.com

Patriot Battery Metals Inc is a mineral exploration company focused on the acquisition and development of mineral projects containing the battery, base and precious metals. The company's flagship assets are the wholly-owned Corvette Property, the FCI Property located in the James Bay Region of Quebec and the Freeman Creek Gold Property, located in Idaho, USA. In addition, the company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the company maintains a 40% interest, as well as several other assets in Canada.