Nelson Resources (ASX:NES) ROCE % : -52.34% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Nelson 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. Nelson Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -52.34%.

Nelson Resources ROCE % Historical Data

The historical data trend for Nelson 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.

* Premium members only.

Nelson Resources ROCE % Chart

Nelson Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

-23.22

-17.98

-65.84

-35.32

-14.41

Nelson Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								-46.41	-27.33	-19.21	-8.34	-52.34

Nelson Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1.065	/	( ( (7.771 - 0.279)	+	(7.358 - 0.072) )	/ 2 )
	=	-1.065	/	( (7.492	+	7.286)	/ 2 )
	=	-1.065	/	7.389
	=	-14.41 %

Nelson Resources'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-3.41	/	( ( (7.358 - 0.072)	+	(5.91 - 0.167) )	/ 2 )
	=	-3.41	/	( ( 7.286	+	5.743 )	/ 2 )
	=	-3.41	/	6.5145
	=	-52.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Nelson Resources (ASX:NES) 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.

Nelson Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Nelson Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nelson Resources (ASX:NES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nelson Resources Ltd (ASX:NES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.nelsonresources.com.au

Nelson Resources Ltd is a gold mining company. It has a portfolio of five prospective gold packages within the Western Australian goldfields. The company's projects include Socrates project, Woodline project, Yarri Project, Tempest project and Fortnum project among others.