PJX Resources (TSXV:PJX) ROCE % : -51.93% (As of Mar. 2024)

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What is PJX Resources 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. PJX Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was -51.93%.

PJX Resources ROCE % Historical Data

The historical data trend for PJX Resources'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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PJX Resources ROCE % Chart

PJX Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-169.55

-151.92

-46.13

-71.50

-58.15

PJX Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-82.55	-102.27	-176.64	-81.12	-51.93

PJX Resources ROCE % Calculation

PJX Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.188	/	( ( (1.532 - 0.094)	+	(2.97 - 0.322) )	/ 2 )
	=	-1.188	/	( (1.438	+	2.648)	/ 2 )
	=	-1.188	/	2.043
	=	-58.15 %

PJX Resources's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.3	/	( ( (2.97 - 0.322)	+	(2.612 - 0.253) )	/ 2 )
	=	-1.3	/	( ( 2.648	+	2.359 )	/ 2 )
	=	-1.3	/	2.5035
	=	-51.93 %

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

PJX Resources (TSXV:PJX) 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.

PJX Resources ROCE % Related Terms

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PJX Resources (TSXV:PJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PJX Resources Inc (TSXV:PJX) » Definitions » ROCE %

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PJXRF:USA

Address

100 King Street West, Suite 5600, One First Canadian Place, Toronto, ON, CAN, M5X 1C9

Website

https://www.pjxresources.com

PJX Resources Inc is an exploration stage company engaged in the exploration of mineral properties located in the Cranbrook area of British Columbia. Some of the company's properties include the Dewdney Trail Property, the Eddy Property, the Zinger Property, the Vine Property, the West Basin, the Gold Shear Property, the Parker Copper Property and the DD Property. It operates in one business segment, being the business of acquiring and exploring mineral properties in Canada.

Executives

Paul Crossett

10% Security Holder

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