Northern Lion Gold (Northern Lion Gold) ROCE % : 0.00% (As of Mar. 2024)

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What is Northern Lion Gold 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 Lion Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Northern Lion Gold ROCE % Historical Data

The historical data trend for Northern Lion Gold'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 Lion Gold ROCE % Chart

Northern Lion Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-82.32

-324.71

-52.26

-31.60

-79.80

Northern Lion Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-45.38	-51.46	-53.42	-93.79	-

Northern Lion Gold ROCE % Calculation

Northern Lion Gold'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 )
	=	-0.162	/	( ( (0.847 - 0.445)	+	(0.543 - 0.539) )	/ 2 )
	=	-0.162	/	( (0.402	+	0.004)	/ 2 )
	=	-0.162	/	0.203
	=	-79.80 %

Northern Lion Gold'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 )
	=	-0.12	/	( ( (0.543 - 0.539)	+	(0.537 - 0.56) )	/ 2 )
	=	-0.12	/	( ( 0.004	+	-0.023 )	/ 2 )
	=	-0.12	/	-0.0095
	=	0 %

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

Northern Lion Gold (OTCPK:NLGCF) 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 Lion Gold ROCE % Related Terms

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Northern Lion Gold (Northern Lion Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Lion Gold Corp (OTCPK:NLGCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N3EN:Germany NL:Canada

Address

67 East 5th Avenue, Vancouver, BC, CAN, V5T 1G7

Website

http://www.northernliongold.com

Northern Lion Gold Corp is a mineral exploration company. It is focused on acquiring, exploring, and developing mineral properties in Canada. The group has a business presence in Canada and the Republic of Cyprus.

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