NexGen Energy (NexGen Energy) ROCE % : 71.70% (As of Dec. 2023)

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What is NexGen Energy 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. NexGen Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 71.70%.

NexGen Energy ROCE % Historical Data

The historical data trend for NexGen Energy'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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NexGen Energy ROCE % Chart

NexGen Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.15

-30.80

-27.43

-10.62

9.93

NexGen Energy 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															-14.73	-6.64	-12.45	-34.94	71.70

NexGen Energy ROCE % Calculation

NexGen Energy'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 )
	=	55.909	/	( ( (408.215 - 12.195)	+	(750.913 - 20.805) )	/ 2 )
	=	55.909	/	( (396.02	+	730.108)	/ 2 )
	=	55.909	/	563.064
	=	9.93 %

NexGen Energy'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 )
	=	488.648	/	( ( (653.731 - 20.89)	+	(750.913 - 20.805) )	/ 2 )
	=	488.648	/	( ( 632.841	+	730.108 )	/ 2 )
	=	488.648	/	681.4745
	=	71.70 %

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

NexGen Energy (NYSE:NXE) 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.

NexGen Energy ROCE % Related Terms

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NexGen Energy (NexGen Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » NexGen Energy Ltd (NYSE:NXE) » Definitions » ROCE %

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6NE:Germany NXE:Canada NXG:Australia

Address

1021 West Hastings Street, Suite 3150, Vancouver, BC, CAN, V6E 0C3

Website

https://www.nexgenenergy.ca

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.