New Age Metals (New Age Metals) ROCE % : -8.71% (As of Jan. 2024)

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What is New Age Metals 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. New Age Metals's annualized ROCE % for the quarter that ended in Jan. 2024 was -8.71%.

New Age Metals ROCE % Historical Data

The historical data trend for New Age Metals'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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New Age Metals ROCE % Chart

New Age Metals Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-44.01

-16.25

-8.58

-4.21

New Age Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-4.53	-1.87	-5.55	-11.94	-8.71

New Age Metals ROCE % Calculation

New Age Metals's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.471	/	( ( (11.973 - 0.224)	+	(10.848 - 0.214) )	/ 2 )
	=	-0.471	/	( (11.749	+	10.634)	/ 2 )
	=	-0.471	/	11.1915
	=	-4.21 %

New Age Metals's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.888	/	( ( (10.479 - 0.279)	+	(10.708 - 0.52) )	/ 2 )
	=	-0.888	/	( ( 10.2	+	10.188 )	/ 2 )
	=	-0.888	/	10.194
	=	-8.71 %

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

New Age Metals (OTCPK:NMTLF) 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.

New Age Metals ROCE % Related Terms

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New Age Metals (New Age Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Age Metals Inc (OTCPK:NMTLF) » Definitions » ROCE %

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P7J2:Germany NAM:Canada

Address

2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9

Website

https://www.newagemetals.com

New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).

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