Nevada Organic Phosphate (XCNQ:NOP) ROCE % : -2,540.21% (As of Jan. 2024)

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What is Nevada Organic Phosphate 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. Nevada Organic Phosphate's annualized ROCE % for the quarter that ended in Jan. 2024 was -2,540.21%.

Nevada Organic Phosphate ROCE % Historical Data

The historical data trend for Nevada Organic Phosphate'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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Nevada Organic Phosphate ROCE % Chart

Nevada Organic Phosphate Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Apr22

Apr23

ROCE %

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-18.06

-13.05

-13.92

-1.06

-295.54

Nevada Organic Phosphate Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-112.74	-240.07	-184.95	-672.50	-2,540.21

Nevada Organic Phosphate ROCE % Calculation

Nevada Organic Phosphate'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 )
	=	-0.928	/	( ( (0.281 - 0.098)	+	(0.49 - 0.045) )	/ 2 )
	=	-0.928	/	( (0.183	+	0.445)	/ 2 )
	=	-0.928	/	0.314
	=	-295.54 %

Nevada Organic Phosphate'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 )
	=	-1.232	/	( ( (0.091 - 0.057)	+	(0.186 - 0.123) )	/ 2 )
	=	-1.232	/	( ( 0.034	+	0.063 )	/ 2 )
	=	-1.232	/	0.0485
	=	-2,540.21 %

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

Nevada Organic Phosphate (XCNQ:NOP) 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.

Nevada Organic Phosphate ROCE % Related Terms

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Nevada Organic Phosphate (XCNQ:NOP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Organic Phosphate Inc (XCNQ:NOP) » Definitions » ROCE %

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Address

625 Howe Street, Suite 1120, Vancouver, BC, CAN, V6C 2T6

Website

https://www.nevadaphosphate.com

Nevada Organic Phosphate Inc is a junior exploration company for organic, sedimentary raw rock phosphate in northeast Nevada.

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