Nevada King Gold (TSXV:NKG) ROCE % : -81.72% (As of Dec. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Nevada King Gold 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 King Gold's annualized ROCE % for the quarter that ended in Dec. 2024 was -81.72%.

Nevada King Gold ROCE % Historical Data

The historical data trend for Nevada King Gold'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.

* Premium members only.

Nevada King Gold ROCE % Chart

Nevada King Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-31.09

-12.67

-15.31

-43.82

-75.84

Nevada King Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-85.04	-82.27	-33.02	-48.92	-81.72

Nevada King Gold ROCE % Calculation

Nevada King Gold's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-27.243	/	( ( (37.664 - 1.275)	+	(36.207 - 0.755) )	/ 2 )
	=	-27.243	/	( (36.389	+	35.452)	/ 2 )
	=	-27.243	/	35.9205
	=	-75.84 %

Nevada King Gold's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-14.176	/	( ( (15.059 - 0.731)	+	(20.833 - 0.466) )	/ 2 )
	=	-14.176	/	( ( 14.328	+	20.367 )	/ 2 )
	=	-14.176	/	17.3475
	=	-81.72 %

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

Nevada King Gold (TSXV:NKG) 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 King Gold ROCE % Related Terms

Thank you for viewing the detailed overview of Nevada King Gold's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nevada King Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada King Gold Corp (TSXV:NKG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NKGFF:USA

Address

555 Burrard Street, P.O. Box 272, Vancouver, BC, CAN, V7X 1M8

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration, and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, and Horse Mtn. mill creek, iron, and other seven projects.

Executives

Michael A Parker	10% Security Holder
Bassam Moubarak	Senior Officer
Collin Kettell	10% Security Holder, Director, Senior Officer