NGEx Minerals (NGEx Minerals) ROCE % : -43.52% (As of Dec. 2023)

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What is NGEx 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. NGEx Minerals's annualized ROCE % for the quarter that ended in Dec. 2023 was -43.52%.

NGEx Minerals ROCE % Historical Data

The historical data trend for NGEx 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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NGEx Minerals ROCE % Chart

NGEx Minerals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-72.30

-80.18

-37.25

-128.89

-76.23

NGEx Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-239.27	-339.47	-628.38	-38.66	-43.52

NGEx Minerals ROCE % Calculation

NGEx 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 )
	=	-28.061	/	( ( (23.785 - 5.394)	+	(60.594 - 5.359) )	/ 2 )
	=	-28.061	/	( (18.391	+	55.235)	/ 2 )
	=	-28.061	/	36.813
	=	-76.23 %

NGEx Minerals'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-25.644	/	( ( (65.34 - 2.727)	+	(60.594 - 5.359) )	/ 2 )
	=	-25.644	/	( ( 62.613	+	55.235 )	/ 2 )
	=	-25.644	/	58.924
	=	-43.52 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

NGEx Minerals (OTCPK:NGXXF) 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.

NGEx Minerals ROCE % Related Terms

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NGEx Minerals (NGEx Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NGEx Minerals Ltd (OTCPK:NGXXF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2XM:Germany NGEX:Canada

Address

885 West Georgia Street, Suite 2000, HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.ngexminerals.com

NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. Its reportable segments are the Los Helados Project, the company's exploration projects in Argentina, other exploration projects, and the Company's corporate administration function.

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