EraNova Metals (TSXV:NOVA) ROCE %: -5.30% (As of Nov. 2025)


TSXV:NOVA EraNova Metals Inc TSXV:NOVA
38 GF Score
Price C$0.17
! 1 Warning Sign
View Full Analysis

What is EraNova Metals ROCE %?

EraNova Metals TSXV:NOVA +6.25% 38 ROCE % is -5.30% as of Nov. 2025. GuruFocus rates TSXV:NOVA with a GF Score™ of 38/100. The stock has 1 warning sign investors should review.

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. EraNova Metals's annualized ROCE % for the quarter that ended in Nov. 2025 was -5.30%.

EraNova Metals  (TSXV:NOVA) 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.

EraNova Metals ROCE % Related Terms

EraNova Metals ROCE % Historical Data

* Premium members only.

The historical data trend for EraNova 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.

EraNova Metals ROCE % Chart

EraNova Metals Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
ROCE %
Get a 7-Day Free Trial -15.78 -12.95 -6.30 -9.66 -6.88

EraNova Metals Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 -5.65 -7.58 -7.56 -6.22 -5.30
TSXV:NOVA
38GF Score
EraNova Metals Inc TSXV:NOVA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EraNova Metals ROCE % Calculation

EraNova Metals's annualized ROCE % for the fiscal year that ended in Feb. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2025 )  (A: Feb. 2024 )(A: Feb. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2025 )  (A: Feb. 2024 )(A: Feb. 2025 )
=-0.748/( ( (11.698 - 0.103) + (10.264 - 0.123) )/ 2 )
=-0.748/( (11.595+10.141)/ 2 )
=-0.748/10.868
=-6.88 %

EraNova Metals's ROCE % of for the quarter that ended in Nov. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Nov. 2025 )  (Q: Aug. 2025 )(Q: Nov. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Nov. 2025 )  (Q: Aug. 2025 )(Q: Nov. 2025 )
=-0.54/( ( (10.268 - 0.155) + (10.324 - 0.064) )/ 2 )
=-0.54/( ( 10.113 + 10.26 )/ 2 )
=-0.54/10.1865
=-5.30 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2025) 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 -5.30% mean?
EraNova Metals (TSXV:NOVA) has a ROCE % of -5.30% as of Nov. 2025.
Is EraNova Metals' ROCE % too high?
EraNova Metals' current ROCE % is -5.30%. Overall, EraNova Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does EraNova Metals' ROCE % compare to competitors?
EraNova Metals' ROCE % of -5.30% 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. EraNova Metals's current ROCE % is -5.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EraNova Metals stock overvalued right now?
EraNova Metals (TSXV:NOVA) has a current ROCE % of -5.30%. The current ROCE % is -5.30%. EraNova Metals' overall GF Score™ is 38/100 with 1 warning sign to review. 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 EraNova Metals (TSXV:NOVA), the current ROCE % is -5.30% as of Nov. 2025. 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.

EraNova Metals Business Description

Other Exchanges STXPF:USA
Address 1245 West Broadway, Unit 105, Vancouver, BC, CAN, V6H 1G7
EraNova Metals Inc is a mineral exploration company focused on exploration and development of precious and base metals properties in western Canada. The company's portfolio of exploration properties includes the flagship Ruby Creek Property, East of Atlin, BC; the South Thompson Nickel Project, northwest of Grand Rapids, Manitoba; and the Big Ledge Property, south of Revelstoke, BC.
38GF Score

Get the complete analysis for TSXV:NOVA

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

C$0.17
Price