Prismo Metals (XCNQ:PRIZ) ROCE % : -39.74% (As of Dec. 2023)

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What is Prismo Metals 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. Prismo Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -39.74%.

Prismo Metals ROCE % Historical Data

The historical data trend for Prismo Metals'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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Prismo Metals ROCE % Chart

Prismo Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-14.61

-54.51

-14.73

-32.44

-41.16

Prismo Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													-49.78	-47.80	-25.57	-29.72	-39.74

Prismo Metals ROCE % Calculation

Prismo Metals'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 )
	=	-2.15	/	( ( (4.822 - 0.277)	+	(7.294 - 1.391) )	/ 2 )
	=	-2.15	/	( (4.545	+	5.903)	/ 2 )
	=	-2.15	/	5.224
	=	-41.16 %

Prismo Metals'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.348	/	( ( (6.272 - 0.358)	+	(7.294 - 1.391) )	/ 2 )
	=	-2.348	/	( ( 5.914	+	5.903 )	/ 2 )
	=	-2.348	/	5.9085
	=	-39.74 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Prismo Metals (XCNQ:PRIZ) 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.

Prismo Metals ROCE % Related Terms

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Prismo Metals (XCNQ:PRIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prismo Metals Inc (XCNQ:PRIZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PMOMF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.prismometals.com

Prismo Metals Inc is engaged in the business of acquisition and exploration of mineral properties and operates in one segment, namely mineral exploration in Mexico. The company's objective is to locate and develop economic precious and base metal properties of merit. Its properties consist of the Palos Verdes Property and the Los Pavitos property.

Executives

Alain Lambert

Director

Prismo Metals (XCNQ:PRIZ) Headlines

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