Pearl Gull Iron (ASX:PLG) ROCE % : -7.98% (As of Dec. 2023)

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What is Pearl Gull Iron 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. Pearl Gull Iron's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.98%.

Pearl Gull Iron ROCE % Historical Data

The historical data trend for Pearl Gull Iron'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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Pearl Gull Iron ROCE % Chart

Pearl Gull Iron Annual Data

Trend

Jun22

Jun23

ROCE %

-52.54

-9.19

Pearl Gull Iron Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-62.19	-12.52	-11.21	-7.64	-7.98

Pearl Gull Iron ROCE % Calculation

Pearl Gull Iron's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.906	/	( ( (10.161 - 0.862)	+	(11.185 - 0.772) )	/ 2 )
	=	-0.906	/	( (9.299	+	10.413)	/ 2 )
	=	-0.906	/	9.856
	=	-9.19 %

Pearl Gull Iron'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.816	/	( ( (11.185 - 0.772)	+	(10.806 - 0.757) )	/ 2 )
	=	-0.816	/	( ( 10.413	+	10.049 )	/ 2 )
	=	-0.816	/	10.231
	=	-7.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Pearl Gull Iron (ASX:PLG) 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.

Pearl Gull Iron ROCE % Related Terms

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Pearl Gull Iron (ASX:PLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pearl Gull Iron Ltd (ASX:PLG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

513 Hay Street, Suite 23, Subiaco, WA, AUS, 6008

Website

https://www.pearlgulliron.com.au

Pearl Gull Iron Ltd is an iron ore exploration and development company with mining title over a portion of Cockatoo Island situated off the coast of Northwest Australia. The Company has only one operating segment, being exploration.

Pearl Gull Iron (ASX:PLG) Headlines

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