Northgold AB (OSTO:NG) ROCE % : -12.60% (As of Sep. 2024)

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What is Northgold AB 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. Northgold AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.60%.

Northgold AB ROCE % Historical Data

The historical data trend for Northgold AB'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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Northgold AB ROCE % Chart

Northgold AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-59.74

-53.09

-25.39

Northgold AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-18.82	-10.12	-19.05	-29.38	-12.60

Northgold AB ROCE % Calculation

Northgold AB'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 )
	=	-11.468	/	( ( (37.721 - 2.1)	+	(57.401 - 2.675) )	/ 2 )
	=	-11.468	/	( (35.621	+	54.726)	/ 2 )
	=	-11.468	/	45.1735
	=	-25.39 %

Northgold AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-6.872	/	( ( (54.412 - 2.116)	+	(60.681 - 3.94) )	/ 2 )
	=	-6.872	/	( ( 52.296	+	56.741 )	/ 2 )
	=	-6.872	/	54.5185
	=	-12.60 %

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

Northgold AB (OSTO:NG) 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.

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Northgold AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northgold AB (OSTO:NG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QY5:Germany

Address

Vasagatan 28, Stockholm, SWE, 111 20

Website

https://northgoldab.com

Northgold AB is a gold exploration and development Company with multiple resource-stage projects in the Middle Ostrobothnia Gold Belt of Central Finland, including the Kopsa Gold-Copper project and the Kiimala Trend Gold project.