Northern Minerals (Northern Minerals) ROCE % : -261.20% (As of Dec. 2023)

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What is Northern Minerals 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. Northern Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -261.20%.

Northern Minerals ROCE % Historical Data

The historical data trend for Northern Minerals'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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Northern Minerals ROCE % Chart

Northern Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-124.60

-227.21

-33.65

-100.71

-185.14

Northern Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-89.69	-133.78	-78.17	-149.59	-261.20

Northern Minerals ROCE % Calculation

Northern Minerals'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 )
	=	-14.052	/	( ( (8.977 - 1.472)	+	(11.681 - 4.006) )	/ 2 )
	=	-14.052	/	( (7.505	+	7.675)	/ 2 )
	=	-14.052	/	7.59
	=	-185.14 %

Northern Minerals'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 )
	=	-17.358	/	( ( (11.681 - 4.006)	+	(21.078 - 15.462) )	/ 2 )
	=	-17.358	/	( ( 7.675	+	5.616 )	/ 2 )
	=	-17.358	/	6.6455
	=	-261.20 %

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

Northern Minerals (OTCPK:NOURF) 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.

Northern Minerals ROCE % Related Terms

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Northern Minerals (Northern Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Minerals Ltd (OTCPK:NOURF) » Definitions » ROCE %

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Traded in Other Exchanges

NUN:Germany NTU:Australia

Address

Ground Floor, 34 Colin Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.northernminerals.com.au

Northern Minerals Ltd is a mineral exploration company. It is engaged in the exploration and producer of the heavy rare earth, dysprosium outside of China. The company's portfolio consists of three projects, the Browns Range and John Galt projects in Western Australia and the Boulder Ridge Project located in the Northern Territory.

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