Pretium Resources (Pretium Resources) ROCE % : 17.19% (As of Sep. 2021)

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What is Pretium Resources 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. Pretium Resources's annualized ROCE % for the quarter that ended in Sep. 2021 was 17.19%.

Pretium Resources ROCE % Historical Data

The historical data trend for Pretium Resources'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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Pretium Resources ROCE % Chart

Pretium Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-6.82

0.64

8.84

8.02

5.00

Pretium Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
ROCE %	Get a 7-Day Free Trial															14.60	-23.66	15.65	21.07	17.19

Pretium Resources ROCE % Calculation

Pretium Resources's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	68.547	/	( ( (1573.167 - 129.355)	+	(1430.814 - 131.495) )	/ 2 )
	=	68.547	/	( (1443.812	+	1299.319)	/ 2 )
	=	68.547	/	1371.5655
	=	5.00 %

Pretium Resources's ROCE % of for the quarter that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2021 )		(Q: Jun. 2021 )		(Q: Sep. 2021 )
	=	172.248	/	( ( (1202.781 - 237.903)	+	(1239.857 - 200.64) )	/ 2 )
	=	172.248	/	( ( 964.878	+	1039.217 )	/ 2 )
	=	172.248	/	1002.0475
	=	17.19 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

Pretium Resources (NYSE:PVG) 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.

Pretium Resources ROCE % Related Terms

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Pretium Resources (Pretium Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pretium Resources Inc (NYSE:PVG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 Dunsmuir Street, Suite 2300, P.O. Box 49334, Four Bentall Centre, Vancouver, BC, CAN, V7X 1L4

Website

https://www.pretivm.com

Pretium Resources Inc is an exploration and development company engaged in the acquisition, exploration, and development of precious metal resource properties in the Americas. The Brucejack Project is the company's primary mineral project, which involves near-mine exploration and off-mining leases infrastructure in Brucejack mine, located in northwestern British Columbia, Canada. The company is currently at the engineering and construction phase, progressing toward production as a high-grade underground gold mine. Gold metal is the company's core revenue driver.