Northwest Copper (TSXV:NWST) ROCE % : -3.12% (As of Mar. 2024)

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What is Northwest Copper 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. Northwest Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.12%.

Northwest Copper ROCE % Historical Data

The historical data trend for Northwest Copper'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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Northwest Copper ROCE % Chart

Northwest Copper Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

ROCE %

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0.95

-21.52

-17.31

-46.91

-9.26

Northwest Copper Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-11.07	-7.06	-11.08	-7.61	-3.12

Northwest Copper ROCE % Calculation

Northwest Copper'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 )
	=	-7.381	/	( ( (81.412 - 1.841)	+	(81.076 - 1.236) )	/ 2 )
	=	-7.381	/	( (79.571	+	79.84)	/ 2 )
	=	-7.381	/	79.7055
	=	-9.26 %

Northwest Copper's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.516	/	( ( (81.076 - 1.236)	+	(81.965 - 0.653) )	/ 2 )
	=	-2.516	/	( ( 79.84	+	81.312 )	/ 2 )
	=	-2.516	/	80.576
	=	-3.12 %

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

Northwest Copper (TSXV:NWST) 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.

Northwest Copper ROCE % Related Terms

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Northwest Copper (TSXV:NWST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northwest Copper Corp (TSXV:NWST) » Definitions » ROCE %

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Traded in Other Exchanges

NWCCF:USA 34S0:Germany

Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.northwestcopper.ca

Northwest Copper Corp is a mineral exploration company. It explores copper gold with an exciting pipeline of projects in British Columbia. The company's project includes Kwanika/Stardust; Lorraine and Top Cat properties and East Niv. It has a single operating segment which is the mineral exploration business in Canada.

Executives

Tyler Eric Gurney Caswell

Senior Officer

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