Nobel Resources (Nobel Resources) ROCE % : 0.00% (As of Mar. 2024)

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What is Nobel 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. Nobel Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Nobel Resources ROCE % Historical Data

The historical data trend for Nobel 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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Nobel Resources ROCE % Chart

Nobel Resources Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

ROCE %

-818.35

-157.87

Nobel Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-2,707.14	-	-	-	-

Nobel Resources ROCE % Calculation

Nobel 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 )
	=	-0.623	/	( ( (0.848 - 0.602)	+	(0.333 - 0.707) )	/ 2 )
	=	-0.623	/	( (0.246	+	-0.374)	/ 2 )
	=	-0.623	/	-0.064
	=	973.44 %

Nobel Resources's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.816	/	( ( (0.333 - 0.707)	+	(0.235 - 0.818) )	/ 2 )
	=	-0.816	/	( ( -0.374	+	-0.583 )	/ 2 )
	=	-0.816	/	-0.4785
	=	0 %

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

Nobel Resources (OTCPK:NBTRF) 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.

Nobel Resources ROCE % Related Terms

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Nobel Resources (Nobel Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nobel Resources Corp (OTCPK:NBTRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7Z00:Germany NBLC:Canada

Address

36 Lombard Street, Floor 4, Toronto, ON, CAN, M5C 2X3

Website

https://www.nobel-resources.com

Nobel Resources Corp is a mineral exploration and development company. It holds interests in the La Salvadora Property, Chile and Algarrobo Project, located in the coastal IOCG (Iron, Oxide, Copper, Gold) belt in northern Chile. Geographically, the company operates in Chile and Canada.

Nobel Resources (Nobel Resources) Headlines

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Nobel Engages Generation IACP Inc. For Market Making Services

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