NeoTerrex Minerals (TSXV:NTX) ROCE % : -33.90% (As of Sep. 2024)

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What is NeoTerrex Minerals 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. NeoTerrex Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -33.90%.

NeoTerrex Minerals ROCE % Historical Data

The historical data trend for NeoTerrex 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.

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NeoTerrex Minerals ROCE % Chart

NeoTerrex Minerals Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-29.60

-47.07

NeoTerrex Minerals Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						-43.10	-126.05	-94.61	-73.71	-33.90

NeoTerrex Minerals ROCE % Calculation

NeoTerrex Minerals'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 )
	=	-2.249	/	( ( (3.769 - 0.064)	+	(6.619 - 0.769) )	/ 2 )
	=	-2.249	/	( (3.705	+	5.85)	/ 2 )
	=	-2.249	/	4.7775
	=	-47.07 %

NeoTerrex Minerals'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 )
	=	-1.556	/	( ( (5.322 - 0.602)	+	(4.685 - 0.225) )	/ 2 )
	=	-1.556	/	( ( 4.72	+	4.46 )	/ 2 )
	=	-1.556	/	4.59
	=	-33.90 %

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

NeoTerrex Minerals (TSXV:NTX) 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.

NeoTerrex Minerals ROCE % Related Terms

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NeoTerrex Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NeoTerrex Minerals Inc (TSXV:NTX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5390 West River Drive, Ottawa, ON, CAN, K4M 1G4

Website

https://www.neoterrex.com

NeoTerrex Minerals Inc is engaged in the evaluation, acquisition and exploration of mineral properties for rare earth elements and lithium with its activities focused in prospective areas in Canada. The Corporation plans to ultimately develop the properties, bring them into production, option or lease the properties to third parties, or sell the properties outright.

Executives

Mathieu Stephens

Director, Senior Officer

NeoTerrex Minerals Headlines

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