Premier African Minerals (LSE:PREM) ROCE % : -95.69% (As of Jun. 2023)

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What is Premier African 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. Premier African Minerals's annualized ROCE % for the quarter that ended in Jun. 2023 was -95.69%.

Premier African Minerals ROCE % Historical Data

The historical data trend for Premier African 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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Premier African Minerals ROCE % Chart

Premier African Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-135.18

-31.90

-16.85

19.96

-38.00

Premier African Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															68.49	-23.35	-51.33	-8.68	-95.69

Premier African Minerals ROCE % Calculation

Premier African 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 )
	=	-4.764	/	( ( (11.545 - 0.553)	+	(41.916 - 27.836) )	/ 2 )
	=	-4.764	/	( (10.992	+	14.08)	/ 2 )
	=	-4.764	/	12.536
	=	-38.00 %

Premier African 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 )
	=	-11.592	/	( ( (41.916 - 27.836)	+	(40.521 - 30.372) )	/ 2 )
	=	-11.592	/	( ( 14.08	+	10.149 )	/ 2 )
	=	-11.592	/	12.1145
	=	-95.69 %

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

Premier African Minerals (LSE:PREM) 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.

Premier African Minerals ROCE % Related Terms

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Premier African Minerals (LSE:PREM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier African Minerals Ltd (LSE:PREM) » Definitions » ROCE %

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0PA:Germany

Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB, VG 1110

Website

https://www.premierafricanminerals.com

Premier African Minerals Ltd is a mining company that explores, evaluates, and develops mineral properties focused mainly on tungsten, lithium and tantalum, nickel, and rare earth elements in Africa. The company operates in three segments: RHA and RHA Mauritius, which is engaged in the development and mining of Wolframite; Zulu and Zulu Mauritius, which is engaged in the development of Lithium and Tantalite; and Head office.

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