Prospect Ridge Resources (XCNQ:PRR) ROCE % : -26.23% (As of Feb. 2024)

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What is Prospect Ridge 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. Prospect Ridge Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -26.23%.

Prospect Ridge Resources ROCE % Historical Data

The historical data trend for Prospect Ridge 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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Prospect Ridge Resources ROCE % Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

ROCE %

-194.70

-88.75

-29.88

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial								-38.53	-17.47	-	-24.58	-26.23

Prospect Ridge Resources ROCE % Calculation

Prospect Ridge Resources's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-2.222	/	( ( (8.661 - 0.41)	+	(7.013 - 0.39) )	/ 2 )
	=	-2.222	/	( (8.251	+	6.623)	/ 2 )
	=	-2.222	/	7.437
	=	-29.88 %

Prospect Ridge Resources'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: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-1.572	/	( ( (6.383 - 0.181)	+	(6 - 0.216) )	/ 2 )
	=	-1.572	/	( ( 6.202	+	5.784 )	/ 2 )
	=	-1.572	/	5.993
	=	-26.23 %

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

Prospect Ridge Resources (XCNQ:PRR) 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.

Prospect Ridge Resources ROCE % Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

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