Precipitate Gold (TSXV:PRG) ROCE % : -28.67% (As of Feb. 2024)

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What is Precipitate Gold 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. Precipitate Gold's annualized ROCE % for the quarter that ended in Feb. 2024 was -28.67%.

Precipitate Gold ROCE % Historical Data

The historical data trend for Precipitate Gold'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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Precipitate Gold ROCE % Chart

Precipitate Gold Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

ROCE %

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-53.94

-38.54

-50.73

-58.27

-64.49

Precipitate Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial															-68.52	-35.63	-23.29	-20.69	-28.67

Precipitate Gold ROCE % Calculation

Precipitate Gold's annualized ROCE % for the fiscal year that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	-2.631	/	( ( (2.506 - 0.135)	+	(7.999 - 2.21) )	/ 2 )
	=	-2.631	/	( (2.371	+	5.789)	/ 2 )
	=	-2.631	/	4.08
	=	-64.49 %

Precipitate Gold's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	-1.508	/	( ( (6.537 - 1.877)	+	(6.242 - 0.383) )	/ 2 )
	=	-1.508	/	( ( 4.66	+	5.859 )	/ 2 )
	=	-1.508	/	5.2595
	=	-28.67 %

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

Precipitate Gold (TSXV:PRG) 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.

Precipitate Gold ROCE % Related Terms

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Precipitate Gold (TSXV:PRG) Business Description

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PREIF:USA

Address

628 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

https://www.precipitategold.com

Precipitate Gold Corp is a Canadian resource company. Its principal activity is the acquisition and exploration of mineral properties in Canada, Mexico, and the Dominican Republic. The company's projects include Juan de Herrera & Escalibur Properties, Pueblo Grande & Ponton Properties, Motherlode Gold Project, and Ace Gold Project.

Executives

Adrian Wallace Fleming

Director