Norfolk Metals (ASX:NFL) ROCE % : -12.29% (As of Dec. 2024)

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What is Norfolk Metals 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. Norfolk Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -12.29%.

Norfolk Metals ROCE % Historical Data

The historical data trend for Norfolk Metals'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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Norfolk Metals ROCE % Chart

Norfolk Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-10.88

-13.69

-13.80

Norfolk Metals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-16.48	-10.75	-12.59	-14.34	-12.29

Norfolk Metals ROCE % Calculation

Norfolk Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.767	/	( ( (5.44 - 0.197)	+	(5.958 - 0.086) )	/ 2 )
	=	-0.767	/	( (5.243	+	5.872)	/ 2 )
	=	-0.767	/	5.5575
	=	-13.80 %

Norfolk Metals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-0.696	/	( ( (5.958 - 0.086)	+	(5.528 - 0.075) )	/ 2 )
	=	-0.696	/	( ( 5.872	+	5.453 )	/ 2 )
	=	-0.696	/	5.6625
	=	-12.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Norfolk Metals (ASX:NFL) 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.

Norfolk Metals ROCE % Related Terms

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Norfolk Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norfolk Metals Ltd (ASX:NFL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

85-87 Forrest Street, Unit 10, Cottesloe, Perth, WA, AUS, 6011

Website

https://www.norfolkmetals.com.au

Norfolk Metals Ltd is a mineral exploration company. It holds interests in the Roger River Gold Project and the Orroroo Uranium Projects. The Company's sole activity is mineral exploration and resource development wholly within Australia, which is its only reportable segment.

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