GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordique Resources Inc (XCNQ:NORD) » Definitions » ROA %

Nordique Resources (XCNQ:NORD) ROA % : -405.05% (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Nordique Resources ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nordique Resources's annualized Net Income for the quarter that ended in Dec. 2023 was C$-1.92 Mil. Nordique Resources's average Total Assets over the quarter that ended in Dec. 2023 was C$0.48 Mil. Therefore, Nordique Resources's annualized ROA % for the quarter that ended in Dec. 2023 was -405.05%.

The historical rank and industry rank for Nordique Resources's ROA % or its related term are showing as below:

XCNQ:NORD' s ROA % Range Over the Past 10 Years
Min: -194.54   Med: -114.44   Max: -28.92
Current: -137.57

During the past 4 years, Nordique Resources's highest ROA % was -28.92%. The lowest was -194.54%. And the median was -114.44%.

XCNQ:NORD's ROA % is ranked worse than
89.6% of 2701 companies
in the Metals & Mining industry
Industry Median: -14.8 vs XCNQ:NORD: -137.57

Nordique Resources ROA % Historical Data

The historical data trend for Nordique Resources's ROA % 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.

* Premium members only.

Nordique Resources ROA % Chart

Nordique Resources Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROA %
-28.92 -80.57 -148.30 -194.54

Nordique Resources Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -16.43 -44.69 -117.14 -85.75 -405.05

Competitive Comparison of Nordique Resources's ROA %

For the Other Precious Metals & Mining subindustry, Nordique Resources's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nordique Resources's ROA % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nordique Resources's ROA % distribution charts can be found below:

* The bar in red indicates where Nordique Resources's ROA % falls into.



Nordique Resources ROA % Calculation

Nordique Resources's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-1.069/( (0.979+0.12)/ 2 )
=-1.069/0.5495
=-194.54 %

Nordique Resources's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-1.924/( (0.83+0.12)/ 2 )
=-1.924/0.475
=-405.05 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.


Nordique Resources  (XCNQ:NORD) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-1.924/0.475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.924 / 0)*(0 / 0.475)
=Net Margin %*Asset Turnover
=N/A %*0
=-405.05 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Nordique Resources ROA % Related Terms

Thank you for viewing the detailed overview of Nordique Resources's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Nordique Resources (XCNQ:NORD) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2
Nordique Resources Inc Formerly Brascan Resources Inc is engaged in the identification, exploration and development of mineral resources, specifically focusing on lithium and gold exploration activities on its properties in Newfoundland and Brazil. It is a mineral exploration company mainly focused on gold, lithium and battery materials.

Nordique Resources (XCNQ:NORD) Headlines