Pardus Ventures (TSXV:PDVN.P) ROCE % : -68.02% (As of Mar. 2024)

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What is Pardus Ventures 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. Pardus Ventures's annualized ROCE % for the quarter that ended in Mar. 2024 was -68.02%.

Pardus Ventures ROCE % Historical Data

The historical data trend for Pardus Ventures'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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Pardus Ventures ROCE % Chart

Pardus Ventures Annual Data

Trend

Dec22

Dec23

ROCE %

-92.59

Pardus Ventures Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	-218.87	-142.22	-145.83	-58.13	-68.02

Pardus Ventures ROCE % Calculation

Pardus Ventures'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 )
	=	-0.1	/	( ( (0.1 - 0.018)	+	(0.152 - 0.018) )	/ 2 )
	=	-0.1	/	( (0.082	+	0.134)	/ 2 )
	=	-0.1	/	0.108
	=	-92.59 %

Pardus Ventures's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.084	/	( ( (0.152 - 0.018)	+	(0.134 - 0.021) )	/ 2 )
	=	-0.084	/	( ( 0.134	+	0.113 )	/ 2 )
	=	-0.084	/	0.1235
	=	-68.02 %

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

Pardus Ventures (TSXV:PDVN.P) 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.

Pardus Ventures ROCE % Related Terms

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Pardus Ventures (TSXV:PDVN.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pardus Ventures Inc (TSXV:PDVN.P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

Pardus Ventures Inc is a capital pool company.

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