Forty Pillars Mining (XCNQ:PLLR) ROCE % : -498.17% (As of May. 2024)

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What is Forty Pillars Mining 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. Forty Pillars Mining's annualized ROCE % for the quarter that ended in May. 2024 was -498.17%.

Forty Pillars Mining ROCE % Historical Data

The historical data trend for Forty Pillars Mining'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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Forty Pillars Mining ROCE % Chart

Forty Pillars Mining Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

ROCE %

-13.89

-15.99

-82.41

Forty Pillars Mining Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
ROCE %	Get a 7-Day Free Trial								-4.98	-299.86	-173.91	-176.04	-498.17

Forty Pillars Mining ROCE % Calculation

Forty Pillars Mining's annualized ROCE % for the fiscal year that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2024 )		(A: Feb. 2023 )		(A: Feb. 2024 )
	=	-1.553	/	( ( (3.805 - 0.328)	+	(0.605 - 0.313) )	/ 2 )
	=	-1.553	/	( (3.477	+	0.292)	/ 2 )
	=	-1.553	/	1.8845
	=	-82.41 %

Forty Pillars Mining's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	-1.228	/	( ( (0.605 - 0.313)	+	(0.576 - 0.375) )	/ 2 )
	=	-1.228	/	( ( 0.292	+	0.201 )	/ 2 )
	=	-1.228	/	0.2465
	=	-498.17 %

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

Forty Pillars Mining (XCNQ:PLLR) 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.

Forty Pillars Mining ROCE % Related Terms

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Forty Pillars Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forty Pillars Mining Corp (XCNQ:PLLR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

69D:Germany

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.fortypillars.ca

Forty Pillars Mining Corp is a mineral exploration company. Its property includes the Silver Dollar property. The company also acquire the Wishbone Property in British Columbia.

Executives

Oberon Uranium Corp.	10% Security Holder
Origen Resources Inc.	10% Security Holder
Emma Fairhurst	Director
Gary David Albert Schellenberg	Director

Forty Pillars Mining Headlines

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