Prodigy Gold NL (ASX:PRX) ROCE % : -137.41% (As of Dec. 2023)

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What is Prodigy Gold NL 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. Prodigy Gold NL's annualized ROCE % for the quarter that ended in Dec. 2023 was -137.41%.

Prodigy Gold NL ROCE % Historical Data

The historical data trend for Prodigy Gold NL'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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Prodigy Gold NL ROCE % Chart

Prodigy Gold NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-38.91

-32.27

-25.63

-44.46

-41.83

Prodigy Gold NL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-50.80	-37.14	-30.52	-37.30	-137.41

Prodigy Gold NL ROCE % Calculation

Prodigy Gold NL'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 )
	=	-5.53	/	( ( (13.696 - 3.342)	+	(17.002 - 0.915) )	/ 2 )
	=	-5.53	/	( (10.354	+	16.087)	/ 2 )
	=	-5.53	/	13.2205
	=	-41.83 %

Prodigy Gold NL'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 )
	=	-16.592	/	( ( (17.002 - 0.915)	+	(8.493 - 0.431) )	/ 2 )
	=	-16.592	/	( ( 16.087	+	8.062 )	/ 2 )
	=	-16.592	/	12.0745
	=	-137.41 %

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

Prodigy Gold NL (ASX:PRX) 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.

Prodigy Gold NL ROCE % Related Terms

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Prodigy Gold NL (ASX:PRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prodigy Gold NL (ASX:PRX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Smith Street, Level 1, Darwin, NT, AUS, 0800

Website

https://www.prodigygold.com.au

Prodigy Gold NL is a gold exploration company. Its exploration project portfolio comprises the Bluebush gold project, Euro gold project, Lake Mackay project, North Arunta project, and Suplejack gold project. The group has one operating segment reportable as exploration.

Prodigy Gold NL (ASX:PRX) Headlines

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