Norwest Minerals (ASX:NWM) ROCE % : -5.57% (As of Dec. 2023)

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What is Norwest 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. Norwest Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.57%.

Norwest Minerals ROCE % Historical Data

The historical data trend for Norwest 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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Norwest Minerals ROCE % Chart

Norwest Minerals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-12.95

-11.54

-14.98

-10.35

-7.29

Norwest Minerals Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-12.35	-7.11	-9.15	-5.57	-5.57

Norwest Minerals ROCE % Calculation

Norwest 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 )
	=	-1.289	/	( ( (16.687 - 0.499)	+	(19.854 - 0.659) )	/ 2 )
	=	-1.289	/	( (16.188	+	19.195)	/ 2 )
	=	-1.289	/	17.6915
	=	-7.29 %

Norwest 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 )
	=	-1.068	/	( ( (19.854 - 0.659)	+	(20.597 - 1.44) )	/ 2 )
	=	-1.068	/	( ( 19.195	+	19.157 )	/ 2 )
	=	-1.068	/	19.176
	=	-5.57 %

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

Norwest Minerals (ASX:NWM) 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.

Norwest Minerals ROCE % Related Terms

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Norwest Minerals (ASX:NWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norwest Minerals Ltd (ASX:NWM) » Definitions » ROCE %

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Traded in Other Exchanges

NRWMF:USA

Address

7 Ventnor Avenue, Suite 1A, First Floor, West Perth, Perth, WA, AUS, 6005

Website

https://www.norwestminerals.com.au

Norwest Minerals Ltd is a gold and base metals exploration company. It holds an interest in gold and base-metal projects including the Warriedar Project, Bali Copper, Bulgera Gold, Arunta West Project, Marymia Project, and Marriott Nickel Project. The principal continuing activities of the Company were engaging in the business of seeking to exploit and mine natural resources.

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