Newport Exploration (Newport Exploration) ROCE % : 100.34% (As of Jan. 2024)

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What is Newport Exploration 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. Newport Exploration's annualized ROCE % for the quarter that ended in Jan. 2024 was 100.34%.

Newport Exploration ROCE % Historical Data

The historical data trend for Newport Exploration'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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Newport Exploration ROCE % Chart

Newport Exploration Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-16.64

-21.65

117.06

114.30

79.45

Newport Exploration 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															90.07	63.10	77.29	106.11	100.34

Newport Exploration ROCE % Calculation

Newport Exploration's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	2.882	/	( ( (4.736 - 0.419)	+	(3.018 - 0.08) )	/ 2 )
	=	2.882	/	( (4.317	+	2.938)	/ 2 )
	=	2.882	/	3.6275
	=	79.45 %

Newport Exploration'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 )
	=	2.388	/	( ( (2.629 - 0.071)	+	(2.273 - 0.071) )	/ 2 )
	=	2.388	/	( ( 2.558	+	2.202 )	/ 2 )
	=	2.388	/	2.38
	=	100.34 %

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

Newport Exploration (OTCPK:NWXPF) 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.

Newport Exploration ROCE % Related Terms

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Newport Exploration (Newport Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newport Exploration Ltd (OTCPK:NWXPF) » Definitions » ROCE %

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NWX:Canada

Address

2168 Marine Drive, Suite 202, Vancouver, BC, CAN, V7V 1K3

Website

https://www.newport-exploration.com

Newport Exploration Ltd is an exploration stage company. It is engaged in the acquisition and exploration of resource properties. Its projects include Cooper Basin in Australia and Chu Chua property in Canada. Newport has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. Its Cooper Basin project includes EX-PEL 91 OIL and EX-PEL'S 632, 106, and PPL 239-WET GAS, which is located on Western Wet Gas Fairway, Cooper Basin.