Nevada Copper (TSX:NCU) ROCE % : -11.41% (As of Mar. 2024)

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What is Nevada Copper 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. Nevada Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.41%.

Nevada Copper ROCE % Historical Data

The historical data trend for Nevada Copper'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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Nevada Copper ROCE % Chart

Nevada Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.07

-3.32

-3.89

-50.79

-6.54

Nevada Copper Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-16.97	7.09	-11.21	-5.69	-11.41

Nevada Copper ROCE % Calculation

Nevada Copper'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 )
	=	-52.051	/	( ( (879.994 - 96.63)	+	(943.644 - 134.674) )	/ 2 )
	=	-52.051	/	( (783.364	+	808.97)	/ 2 )
	=	-52.051	/	796.167
	=	-6.54 %

Nevada Copper's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-91.96	/	( ( (943.644 - 134.674)	+	(983.621 - 180.067) )	/ 2 )
	=	-91.96	/	( ( 808.97	+	803.554 )	/ 2 )
	=	-91.96	/	806.262
	=	-11.41 %

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

Nevada Copper (TSX:NCU) 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.

Nevada Copper ROCE % Related Terms

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Nevada Copper (TSX:NCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Copper Corp (TSX:NCU) » Definitions » ROCE %

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NEVDF:USA ZYTA:Germany

Address

61 E. Pursel Lane, Yerington, NV, USA, 89447

Website

https://www.nevadacopper.com

Nevada Copper Corp is a Canada-based mining company. It is engaged in the identification, acquisition, exploration, and development of copper and other mineral properties located in the United States. The company has a 100% interest in the Pumpkin Hollow Copper Development Property, situated near Yerington, Nevada.

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