Nexus Uranium (XCNQ:NEXU) ROCE % : 26.24% (As of Nov. 2023)

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What is Nexus Uranium 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. Nexus Uranium's annualized ROCE % for the quarter that ended in Nov. 2023 was 26.24%.

Nexus Uranium ROCE % Historical Data

The historical data trend for Nexus Uranium'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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Nexus Uranium ROCE % Chart

Nexus Uranium Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-31.82

-75.38

-34.87

-6.75

-12.18

Nexus Uranium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-4.93	-4.10	-35.45	-3.99	26.24

Nexus Uranium ROCE % Calculation

Nexus Uranium's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-1.552	/	( ( (10.48 - 0.118)	+	(15.226 - 0.096) )	/ 2 )
	=	-1.552	/	( (10.362	+	15.13)	/ 2 )
	=	-1.552	/	12.746
	=	-12.18 %

Nexus Uranium's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	3.968	/	( ( (15.198 - 0.083)	+	(15.226 - 0.096) )	/ 2 )
	=	3.968	/	( ( 15.115	+	15.13 )	/ 2 )
	=	3.968	/	15.1225
	=	26.24 %

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

Nexus Uranium (XCNQ:NEXU) 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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Nexus Uranium (XCNQ:NEXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nexus Uranium Corp (XCNQ:NEXU) » Definitions » ROCE %

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GIDMF:USA 3H1:Germany

Address

503 - 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.nexusuranium.com

Nexus Uranium Corp is a multi-commodity development company focused on advancing the Wray Mesa uranium-vanadium project in Utah in addition to its precious metals portfolio that includes the development-stage Independence mine located adjacent to Nevada Gold Mine's Phoenix-Fortitude mine in Nevada, the Napoleon gold project in British Columbia, and a package of gold claims in the Yukon.

Executives

William Matlack

10% Security Holder

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