NAK (Northern Dynasty Minerals) ROCE % : -15.10% (As of Sep. 2024)

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What is Northern Dynasty Minerals 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. Northern Dynasty Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -15.10%.

Northern Dynasty Minerals ROCE % Historical Data

The historical data trend for Northern Dynasty Minerals'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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Northern Dynasty Minerals ROCE % Chart

Northern Dynasty Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-47.34

-41.32

-19.09

-15.68

-15.87

Northern Dynasty Minerals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-12.99	-11.60	-16.75	-11.46	-15.10

Northern Dynasty Minerals ROCE % Calculation

Northern Dynasty Minerals'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 )
	=	-15.672	/	( ( (106.896 - 1.524)	+	(107.221 - 15.076) )	/ 2 )
	=	-15.672	/	( (105.372	+	92.145)	/ 2 )
	=	-15.672	/	98.7585
	=	-15.87 %

Northern Dynasty Minerals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-12.832	/	( ( (102.116 - 15.538)	+	(99.209 - 15.827) )	/ 2 )
	=	-12.832	/	( ( 86.578	+	83.382 )	/ 2 )
	=	-12.832	/	84.98
	=	-15.10 %

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

Northern Dynasty Minerals (AMEX:NAK) 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.

Northern Dynasty Minerals ROCE % Related Terms

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Northern Dynasty Minerals Business Description

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0VA3:UK ND3:Germany ND3:Germany NDM:Canada

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.northerndynastyminerals.com

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.