NextSource Materials (TSX:NEXT) ROCE % : -9.44% (As of Dec. 2023)

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What is NextSource Materials 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. NextSource Materials's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.44%.

NextSource Materials ROCE % Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials ROCE % Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-45.07

NextSource Materials Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-68.82	-14.68	-0.38	-15.51	-9.44

NextSource Materials ROCE % Calculation

NextSource Materials'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 )
	=	-14.928	/	( ( (37.513 - 31.156)	+	(70.385 - 10.499) )	/ 2 )
	=	-14.928	/	( (6.357	+	59.886)	/ 2 )
	=	-14.928	/	33.1215
	=	-45.07 %

NextSource Materials'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-9.38	/	( ( (101.252 - 7.575)	+	(113.997 - 8.889) )	/ 2 )
	=	-9.38	/	( ( 93.677	+	105.108 )	/ 2 )
	=	-9.38	/	99.3925
	=	-9.44 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

NextSource Materials (TSX:NEXT) 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.

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NextSource Materials (TSX:NEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (TSX:NEXT) » Definitions » ROCE %

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NSRCF:USA 1JWA:Germany

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.