New Target Mining (TSXV:NEW.H) ROC % : 0.00% (As of Oct. 2024)

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What is New Target Mining ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. New Target Mining's annualized return on capital (ROC %) for the quarter that ended in Oct. 2024 was 0.00%.

As of today (2025-03-29), New Target Mining's WACC % is 6.77%. New Target Mining's ROC % is 0.00% (calculated using TTM income statement data). New Target Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

New Target Mining ROC % Historical Data

The historical data trend for New Target Mining's ROC % 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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New Target Mining ROC % Chart

New Target Mining Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

ROC %

-148.05

-71.58

-59.43

New Target Mining Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROC %	Get a 7-Day Free Trial												-1,037,629,354,146,162,176.00	-	-	-	-

New Target Mining ROC % Calculation

New Target Mining's annualized Return on Capital (ROC %) for the fiscal year that ended in Oct. 2024 is calculated as:

	ROC % (A: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Oct. 2023 )	+	Invested Capital (A: Oct. 2024 ))	/ count )
=	-0.162 * ( 1 - 0% )	/	( (0	+	-2.7755575615629E-17)	/ 1 )
=	-0.162	/	-2.7755575615629E-17
=	%

where

	Invested Capital		(A: Oct. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.114	-	0.174	-	( 0.107	-	max(0, 0.174	-	0.114	+	0.107	))
=	0

	Invested Capital		(A: Oct. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.047	-	0.268	-	( 0.042	-	max(0, 0.268	-	0.047	+	0.042	))
=	-2.7755575615629E-17

New Target Mining's annualized Return on Capital (ROC %) for the quarter that ended in Oct. 2024 is calculated as:

	ROC % (Q: Oct. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2024 )	+	Invested Capital (Q: Oct. 2024 ))	/ count )
=	-0.156 * ( 1 - 0% )	/	( (0	+	-2.7755575615629E-17)	/ 1 )
=	-0.156	/	-2.7755575615629E-17
=	%

where

	Invested Capital		(Q: Jul. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.058	-	0.241	-	( 0.054	-	max(0, 0.241	-	0.058	+	0.054	))
=	0

	Invested Capital		(Q: Oct. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.047	-	0.268	-	( 0.042	-	max(0, 0.268	-	0.047	+	0.042	))
=	-2.7755575615629E-17

Note: The Operating Income data used here is four times the quarterly (Oct. 2024) data.

New Target Mining (TSXV:NEW.H) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, New Target Mining's WACC % is 6.77%. New Target Mining's ROC % is 0.00% (calculated using TTM income statement data). New Target Mining earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.

New Target Mining ROC % Related Terms

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New Target Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Target Mining Corp (TSXV:NEW.H) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.newtargetmining.com

New Target Mining Corp. is a Canada-based exploration stage junior mining company. The Company is engaged in the identification, acquisition and exploration of mineral properties in Canada. The Company's asset includes the Scarlett Gold Property, which consists of ten mining claims, of the land located in the New Westminster Mining Division, Mission, British Columbia. The Scarlett Gold Property claims are located approximately 65 kilometers from Vancouver, British Columbia.

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