Pathfinder Minerals (LSE:PFP) ROCE % : 0.00% (As of Jun. 2023)

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What is Pathfinder Minerals 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. Pathfinder Minerals's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Pathfinder Minerals ROCE % Historical Data

The historical data trend for Pathfinder Minerals'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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Pathfinder Minerals ROCE % Chart

Pathfinder Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-667.27

-752.00

-150.83

Pathfinder Minerals 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															-49.82	-254.30	-	-	-199.38

Pathfinder Minerals ROCE % Calculation

Pathfinder Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.376	/	( ( (0.384 - 0.149)	+	(0.059 - 0.194) )	/ 2 )
	=	-0.376	/	( (0.235	+	-0.135)	/ 2 )
	=	-0.376	/	0.05
	=	-752.00 %

Pathfinder Minerals's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.47	/	( ( (0.059 - 0.194)	+	(0.167 - 0.064) )	/ 2 )
	=	-0.47	/	( ( -0.135	+	0.103 )	/ 2 )
	=	-0.47	/	-0.016
	=	0 %

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

Pathfinder Minerals (LSE:PFP) 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.

Pathfinder Minerals ROCE % Related Terms

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Pathfinder Minerals (LSE:PFP) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pathfinder Minerals PLC (LSE:PFP) » Definitions » ROCE %

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Address

35 Berkeley Square, London, GBR, W1J 5BF

Website

http://www.pathfinderminerals.com

Pathfinder Minerals PLC is a natural resources company, seeking to mine heavy mineral sands in countries that include Mozambique and Cameroon, and pursue opportunities in battery metals projects in countries including Zimbabwe, Madagascar, and Malawi. The firm has a license to mine land on the Indian Ocean coast of Zambezia province of Mozambique. It is looking for heavy minerals such as ilmenite, rutile, and zircon, which are used in the manufacture of products across the industrial sectors.

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