NV Gold (TSXV:NVX) ROCE % : -8.35% (As of Nov. 2024)

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What is NV 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. NV Gold's annualized ROCE % for the quarter that ended in Nov. 2024 was -8.35%.

NV Gold ROCE % Historical Data

The historical data trend for NV 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.

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NV Gold ROCE % Chart

NV Gold Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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-20.18

-78.31

-20.87

-62.39

-16.89

NV Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															-17.10	-22.05	-11.12	-17.93	-8.35

NV Gold ROCE % Calculation

NV Gold's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-0.523	/	( ( (3.676 - 0.349)	+	(3.605 - 0.74) )	/ 2 )
	=	-0.523	/	( (3.327	+	2.865)	/ 2 )
	=	-0.523	/	3.096
	=	-16.89 %

NV Gold's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-0.244	/	( ( (3.605 - 0.74)	+	(3.679 - 0.699) )	/ 2 )
	=	-0.244	/	( ( 2.865	+	2.98 )	/ 2 )
	=	-0.244	/	2.9225
	=	-8.35 %

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

NV Gold (TSXV:NVX) 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.

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NV Gold Business Description

Industry

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

Comparable Companies

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NVGLF:USA

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.nvgoldcorp.com

NV Gold Corp is engaged in the identification, acquisition, and exploration of mineral properties. It is focused on maximizing shareholder value through acquiring, exploring, discovering, and developing gold projects. Its projects include SW Pipe Project, Slumber Gold Project, Sandy Gold Project, ,etc. The Company has one reportable operating segment, the acquisition, and exploration of mineral properties. The Company has mineral properties located geographically as follows:- the United States of America and Switzerland.

Executives

John E. Watson	10% Security Holder, Director, Senior Officer
Robert Roy Ferguson	Deemed Insider - 6 Months before becoming Insider
John W. Seaberg	Director, Senior Officer
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Peter Ball	Director, Senior Officer
Redstar Gold Corp.	10% Security Holder
Odin Christensen	Director