Novo Resources (ASX:NVO) ROCE %: -3.08% (As of Mar. 2026)


What is Novo Resources ROCE %?

Novo Resources ASX:NVO -4.55% ROCE % is -3.08% as of Mar. 2026. The stock has 3 warning signs investors should review.

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. Novo Resources's annualized ROCE % for the quarter that ended in Mar. 2026 was -3.08%.

Novo Resources  (ASX:NVO) 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.

Novo Resources ROCE % Related Terms

Novo Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Novo 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.

Novo Resources ROCE % Chart

Novo Resources Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.72 -2.22 -29.83 -23.73 -31.91

Novo Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.72 -17.18 -21.45 -73.09 -3.08

Novo Resources ROCE % Calculation

Novo Resources's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-22.794/( ( (94.508 - 4.833) + (66.928 - 13.75) )/ 2 )
=-22.794/( (89.675+53.178)/ 2 )
=-22.794/71.4265
=-31.91 %

Novo Resources's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-1.688/( ( (66.928 - 13.75) + (67.49 - 11.016) )/ 2 )
=-1.688/( ( 53.178 + 56.474 )/ 2 )
=-1.688/54.826
=-3.08 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -3.08% mean?
Novo Resources (ASX:NVO) has a ROCE % of -3.08% as of Mar. 2026.
Is Novo Resources' ROCE % too high?
Novo Resources' current ROCE % is -3.08%.
How does Novo Resources' ROCE % compare to NEM and AU?
Novo Resources' ROCE % of -3.08% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Novo Resources's current ROCE % is -3.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Resources stock overvalued right now?
Novo Resources (ASX:NVO) has a current ROCE % of -3.08%. The current ROCE % is -3.08%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Novo Resources (ASX:NVO), the current ROCE % is -3.08% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novo Resources Business Description

Other Exchanges NSRPF:USANVO:Canada
Address 46 Ventnor Avenue, Level 3, West Perth, Perth, WA, AUS, 6005
Novo Resources Corp is a company engaged in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold and copper. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Egina Gold Camp, Toolunga, Belltopper, Tibooburra Gold Proiect, and others. The company operates in single segment Exploration Operations.