Neo Energy Metals (LSE:NEO) ROCE % : 0.00% (As of Sep. 2022)

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What is Neo Energy 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. Neo Energy Metals's annualized ROCE % for the quarter that ended in Sep. 2022 was 0.00%.

Neo Energy Metals ROCE % Historical Data

The historical data trend for Neo Energy 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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Neo Energy Metals ROCE % Chart

Neo Energy Metals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

ROCE %

-302.46

Neo Energy Metals Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
ROCE %	Get a 7-Day Free Trial						-	-	-	-	-

Neo Energy Metals ROCE % Calculation

Neo Energy Metals's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	-0.249	/	( ( (0.369 - 0.876)	+	(0.883 - 0.97) )	/ 2 )
	=	-0.249	/	( (-0.507	+	-0.087)	/ 2 )
	=	-0.249	/	-0.297
	=	83.84 %

Neo Energy Metals's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Mar. 2022 )		(Q: Sep. 2022 )
	=	1.872	/	( ( (0.501 - 3)	+	(0.515 - 2.084) )	/ 2 )
	=	1.872	/	( ( -2.499	+	-1.569 )	/ 2 )
	=	1.872	/	-2.034
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2022) EBIT data.

Neo Energy Metals (LSE:NEO) 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.

Neo Energy Metals ROCE % Related Terms

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Neo Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Neo Energy Metals PLC (LSE:NEO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off State House Road, 4th Floor West Wing, Vienna Court, State House Crescent, Nairobi, KEN

Website

https://www.neoenergymetals.com

Neo Energy Metals PLC is engaged in mining and development focusing on Uranium and Strategic Metals. The company operates Henkries Uranium project in the Northern Cape Province of South Africa with a clear pathway to production.