First Nordic Metals (OSTO:FNMC SDB) ROCE % : -104.32% (As of Mar. 2025)

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What is First Nordic 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. First Nordic Metals's annualized ROCE % for the quarter that ended in Mar. 2025 was -104.32%.

First Nordic Metals ROCE % Historical Data

The historical data trend for First Nordic 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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First Nordic Metals ROCE % Chart

First Nordic Metals Annual Data

Trend

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-163.13

-1,192.30

-217.02

-294.04

-86.50

First Nordic Metals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
ROCE %	Get a 7-Day Free Trial															-80.04	-232.41	-224.00	-92.24	-104.32

First Nordic Metals ROCE % Calculation

First Nordic Metals's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-77.513	/	( ( (3.846 - 3.502)	+	(204.649 - 25.776) )	/ 2 )
	=	-77.513	/	( (0.344	+	178.873)	/ 2 )
	=	-77.513	/	89.6085
	=	-86.50 %

First Nordic Metals's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	-172.9	/	( ( (204.649 - 25.776)	+	(170.802 - 18.203) )	/ 2 )
	=	-172.9	/	( ( 178.873	+	152.599 )	/ 2 )
	=	-172.9	/	165.736
	=	-104.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

First Nordic Metals (OSTO:FNMC SDB) 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.

First Nordic Metals ROCE % Related Terms

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First Nordic Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Nordic Metals Corp (OSTO:FNMC SDB) » Definitions » ROCE %

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FNMCF:USA HEG0:Germany FNM:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.firstnordicmetals.com

First Nordic Metals Corp is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland. The company's flagship asset is the Barsele gold project in northern Sweden. Immediately surrounding the Barsele project, First Nordic is 100%-owner of a district-scale license position comprised of two additional project areas (Paubacken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, the company is the 100%-owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the gold occurrence on this belt.

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