Nordic Mining ASA (LTS:0GYZ) ROCE % : -12.20% (As of Dec. 2024)

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What is Nordic Mining ASA 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 Mining ASA's annualized ROCE % for the quarter that ended in Dec. 2024 was -12.20%.

Nordic Mining ASA ROCE % Historical Data

The historical data trend for Nordic Mining ASA'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 Mining ASA ROCE % Chart

Nordic Mining ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-21.22

2.62

63.28

0.52

-3.73

Nordic Mining ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															2.91	-5.30	1.41	1.36	-12.20

Nordic Mining ASA ROCE % Calculation

Nordic Mining ASA's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-111.905	/	( ( (3130.187 - 180.78)	+	(3257.497 - 201.151) )	/ 2 )
	=	-111.905	/	( (2949.407	+	3056.346)	/ 2 )
	=	-111.905	/	3002.8765
	=	-3.73 %

Nordic Mining ASA'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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-373.876	/	( ( (3271.159 - 196.8)	+	(3257.497 - 201.151) )	/ 2 )
	=	-373.876	/	( ( 3074.359	+	3056.346 )	/ 2 )
	=	-373.876	/	3065.3525
	=	-12.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Nordic Mining ASA (LTS:0GYZ) 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 Mining ASA ROCE % Related Terms

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Nordic Mining ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Mining ASA (LTS:0GYZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NOMO:Sweden NOM:Norway 7NM0:Germany

Address

Vika Atrium, Munkedamsveien 45, Entrance A - 5th Floor, Oslo, NOR, N-0250

Website

https://www.nordicmining.com

Nordic Mining ASA and its subsidiaries are engaged in exploration, extraction, and production of high-end industrial minerals and metals. The company's reportable segment is Rutile and Garnet segment. The company's project includes Engebo rutile and garnet project.

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