Northern Star Resources (Northern Star Resources) ROCE % : 5.80% (As of Dec. 2023)

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What is Northern Star 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. Northern Star Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.80%.

Northern Star Resources ROCE % Historical Data

The historical data trend for Northern Star 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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Northern Star Resources ROCE % Chart

Northern Star Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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17.95

15.91

24.17

5.79

8.01

Northern Star Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.52	4.25	1.71	14.58	5.80

Northern Star Resources ROCE % Calculation

Northern Star Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	605.302	/	( ( (7822.207 - 545.538)	+	(8265.906 - 420.201) )	/ 2 )
	=	605.302	/	( (7276.669	+	7845.705)	/ 2 )
	=	605.302	/	7561.187
	=	8.01 %

Northern Star 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	456.092	/	( ( (8265.906 - 420.201)	+	(8321.888 - 435.944) )	/ 2 )
	=	456.092	/	( ( 7845.705	+	7885.944 )	/ 2 )
	=	456.092	/	7865.8245
	=	5.80 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Northern Star Resources (OTCPK:NESRF) 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 Star Resources ROCE % Related Terms

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Northern Star Resources (Northern Star Resources) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Star Resources Ltd (OTCPK:NESRF) » Definitions » ROCE %

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NSTYY:USA NS7:Germany NST:Australia

Address

500 Hay Street, Level 4, Subiaco, Perth, WA, AUS, 6008

Website

https://www.nsrltd.com

Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2023 from its three wholly owned mining operations in Australia and Alaska. Its current operations are the result of significant merger and acquisition activity including 13 acquisitions and four asset sales since 2010. Northern Star had roughly a decade of reserves at the end of fiscal 2023.

Northern Star Resources (Northern Star Resources) Headlines

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