NGEx Minerals (TSX:NGEX) ROCE %: -32.54% (As of Mar. 2026)


TSX:NGEX NGEx Minerals Ltd TSX:NGEX
37 GF Score
Price C$24.31
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What is NGEx Minerals ROCE %?

NGEx Minerals TSX:NGEX +2.88% 37 ROCE % is -32.54% as of Mar. 2026. GuruFocus rates TSX:NGEX with a GF Score™ of 37/100.

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. NGEx Minerals's annualized ROCE % for the quarter that ended in Mar. 2026 was -32.54%.

NGEx Minerals  (TSX:NGEX) 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.

NGEx Minerals ROCE % Related Terms

NGEx Minerals ROCE % Historical Data

* Premium members only.

The historical data trend for NGEx Minerals'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.

NGEx Minerals ROCE % Chart

NGEx Minerals Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial -37.25 -132.75 -75.99 -47.05 -38.56

NGEx Minerals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -77.84 -55.07 -82.52 -52.99 -32.54
TSX:NGEX
37GF Score
NGEx Minerals Ltd TSX:NGEX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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NGEx Minerals ROCE % Calculation

NGEx Minerals's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-123.26/( ( (208.563 - 12.576) + (456.611 - 13.295) )/ 2 )
=-123.26/( (195.987+443.316)/ 2 )
=-123.26/319.6515
=-38.56 %

NGEx Minerals's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-176.272/( ( (456.611 - 13.295) + (666.467 - 26.395) )/ 2 )
=-176.272/( ( 443.316 + 640.072 )/ 2 )
=-176.272/541.694
=-32.54 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -32.54% mean?
NGEx Minerals (TSX:NGEX) has a ROCE % of -32.54% as of Mar. 2026.
Is NGEx Minerals' ROCE % too high?
NGEx Minerals' current ROCE % is -32.54%. Overall, NGEx Minerals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does NGEx Minerals' ROCE % compare to competitors?
NGEx Minerals' ROCE % of -32.54% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. NGEx Minerals's current ROCE % is -32.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGEx Minerals stock overvalued right now?
NGEx Minerals (TSX:NGEX) has a current ROCE % of -32.54%. The current ROCE % is -32.54%. NGEx Minerals' overall GF Score™ is 37/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For NGEx Minerals (TSX:NGEX), the current ROCE % is -32.54% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NGEx Minerals Business Description

Other Exchanges NGXXF:USA2XM0:Germany
Address 1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2
NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. It operates as a copper and gold exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project. The reportable projects of the company are the Los Helados Project, Lunahuasi project, and Maricunga Properties.
37GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$24.31
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