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Nordic Resources (ASX:NNL) ROCE % : -12.08% (As of Dec. 2024)


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What is Nordic Resources 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. Nordic Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was -12.08%.


Nordic Resources ROCE % Historical Data

The historical data trend for Nordic Resources'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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Nordic Resources ROCE % Chart

Nordic Resources Annual Data
Trend Jun22 Jun23 Jun24
ROCE %
-13.67 -20.60 -16.18

Nordic Resources Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % Get a 7-Day Free Trial -20.39 -21.40 -17.40 -14.01 -12.08

Nordic Resources ROCE % Calculation

Nordic Resources'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 )
=-1.912/( ( (13.709 - 2.051) + (12.272 - 0.295) )/ 2 )
=-1.912/( (11.658+11.977)/ 2 )
=-1.912/11.8175
=-16.18 %

Nordic Resources'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 )
=-1.504/( ( (12.272 - 0.295) + (13.106 - 0.179) )/ 2 )
=-1.504/( ( 11.977 + 12.927 )/ 2 )
=-1.504/12.452
=-12.08 %

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


Nordic Resources  (ASX:NNL) 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.


Nordic Resources ROCE % Related Terms

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Nordic Resources Business Description

Traded in Other Exchanges
N/A
Address
197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000
Nordic Resources Ltd is engaged in nickel pig iron and nickel ore production. Its projects include the Pulju Nickel Project and the Maaninkijoki 3 (MJ3) Nickel Project.

Nordic Resources Headlines

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