Pinnacle Silver and Gold (TSXV:PINN) ROCE % : 0.00% (As of Jan. 2024)

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What is Pinnacle Silver and Gold 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. Pinnacle Silver and Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Pinnacle Silver and Gold ROCE % Historical Data

The historical data trend for Pinnacle Silver and Gold'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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Pinnacle Silver and Gold ROCE % Chart

Pinnacle Silver and Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-74.98

-90.15

-100.77

-147.19

-285.15

Pinnacle Silver and Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-277.50	-241.69	-445.23	-

Pinnacle Silver and Gold ROCE % Calculation

Pinnacle Silver and Gold's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-1.229	/	( ( (1.197 - 0.896)	+	(1.122 - 0.561) )	/ 2 )
	=	-1.229	/	( (0.301	+	0.561)	/ 2 )
	=	-1.229	/	0.431
	=	-285.15 %

Pinnacle Silver and Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.696	/	( ( (1.095 - 1.076)	+	(0.71 - 0.743) )	/ 2 )
	=	-0.696	/	( ( 0.019	+	-0.033 )	/ 2 )
	=	-0.696	/	-0.0070000000000001
	=	0 %

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

Pinnacle Silver and Gold (TSXV:PINN) 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.

Pinnacle Silver and Gold ROCE % Related Terms

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Pinnacle Silver and Gold (TSXV:PINN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pinnacle Silver and Gold Corp (TSXV:PINN) » Definitions » ROCE %

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NRGOF:USA

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 3B6

Website

https://www.newrangegold.com

Newrange Gold Corp has signed a binding Definitive Agreement for an RTO with ASX-listed Mithril Resources to create a new Americas-focused precious metals exploration & development company. The flagship project will be the high-grade gold-silver Copalquin Project in the Sierra Madre of Mexico. The Company will also continue to focus on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Both projects lie within 10-12 kilometres of the Springpole Gold Deposit currently under development by First Mining Gold.

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