Nordique Resources (FRA:V0U) ROCE % : -124.58% (As of Dec. 2023)

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What is Nordique 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. Nordique Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -124.58%.

Nordique Resources ROCE % Historical Data

The historical data trend for Nordique 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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Nordique Resources ROCE % Chart

Nordique Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-29.27

-70.46

-167.62

-115.56

Nordique Resources Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									-45.50	-46.20	-83.84	-83.75	-124.58

Nordique Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.401	/	( ( (0.68 - 0.022)	+	(0.082 - 0.046) )	/ 2 )
	=	-0.401	/	( (0.658	+	0.036)	/ 2 )
	=	-0.401	/	0.347
	=	-115.56 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.332	/	( ( (0.575 - 0.078)	+	(0.082 - 0.046) )	/ 2 )
	=	-0.332	/	( ( 0.497	+	0.036 )	/ 2 )
	=	-0.332	/	0.2665
	=	-124.58 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nordique Resources (FRA:V0U) 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.

Nordique Resources ROCE % Related Terms

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Nordique Resources (FRA:V0U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordique Resources Inc (FRA:V0U) » Definitions » ROCE %

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Traded in Other Exchanges

BRCGF:USA NORD:Canada

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.brascanresources.com

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.

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