Newfoundland Discovery (XCNQ:NEWD) ROCE % : -11.68% (As of Jan. 2024)

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What is Newfoundland Discovery 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. Newfoundland Discovery's annualized ROCE % for the quarter that ended in Jan. 2024 was -11.68%.

Newfoundland Discovery ROCE % Historical Data

The historical data trend for Newfoundland Discovery'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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Newfoundland Discovery ROCE % Chart

Newfoundland Discovery Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-13.54

-14.27

-39.87

-11.54

-11.34

Newfoundland Discovery Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															4.61	-33.79	-4.86	-4.77	-11.68

Newfoundland Discovery ROCE % Calculation

Newfoundland Discovery's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-1.435	/	( ( (12.258 - 0.484)	+	(14.103 - 0.571) )	/ 2 )
	=	-1.435	/	( (11.774	+	13.532)	/ 2 )
	=	-1.435	/	12.653
	=	-11.34 %

Newfoundland Discovery's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-1.34	/	( ( (12.201 - 0.345)	+	(11.401 - 0.318) )	/ 2 )
	=	-1.34	/	( ( 11.856	+	11.083 )	/ 2 )
	=	-1.34	/	11.4695
	=	-11.68 %

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

Newfoundland Discovery (XCNQ:NEWD) 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.

Newfoundland Discovery ROCE % Related Terms

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Newfoundland Discovery (XCNQ:NEWD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newfoundland Discovery Corp (XCNQ:NEWD) » Definitions » ROCE %

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NEWDF:USA M4K:Germany

Address

838 West Hastings Street,, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://newfoundlanddiscovery.ca

Newfoundland Discovery Corp is a junior mining exploration company. Its projects include the Grup Property, Bursey Property, Rodger's Cove Property, Johnathan's Pond Properties, Eastern Point Property, Wigwam Property, Goldson Gold Property, and the Southwest Pond Gold Property in Newfoundland; the Northbound Property, Northbound Extension, Southern Star Property, Valentine Mountain Property, Bouvier Property and the Chubb Lithium Property in Quebec.

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