Pacific Ridge Exploration (FRA:PQWN) ROCE % : -54.87% (As of Dec. 2023)

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What is Pacific Ridge Exploration 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. Pacific Ridge Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was -54.87%.

Pacific Ridge Exploration ROCE % Historical Data

The historical data trend for Pacific Ridge Exploration'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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Pacific Ridge Exploration ROCE % Chart

Pacific Ridge Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.80

-39.55

-266.35

-194.69

-135.72

Pacific Ridge Exploration 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															-97.48	-40.17	-44.13	-278.58	-54.87

Pacific Ridge Exploration ROCE % Calculation

Pacific Ridge Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-5.325	/	( ( (5.993 - 1.242)	+	(3.525 - 0.429) )	/ 2 )
	=	-5.325	/	( (4.751	+	3.096)	/ 2 )
	=	-5.325	/	3.9235
	=	-135.72 %

Pacific Ridge Exploration'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 )
	=	-1.872	/	( ( (5.147 - 1.42)	+	(3.525 - 0.429) )	/ 2 )
	=	-1.872	/	( ( 3.727	+	3.096 )	/ 2 )
	=	-1.872	/	3.4115
	=	-54.87 %

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

Pacific Ridge Exploration (FRA:PQWN) 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.

Pacific Ridge Exploration ROCE % Related Terms

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Pacific Ridge Exploration (FRA:PQWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Ridge Exploration Ltd (FRA:PQWN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEXZF:USA PQWN:Germany PEX:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.pacificridgeexploration.com

Pacific Ridge Exploration Ltd is an exploration stage company engaged in the acquisition and exploration of mineral properties in Canada and the United States. The company explores zinc and gold deposits. Its projects portfolio includes White Gold property located in Yukon that includes Mariposa, Gold Cap, and Eureka Dome; Fyre Lake property located in Yukon and Spius property located in British Columbia.

Pacific Ridge Exploration (FRA:PQWN) Headlines

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