Northern Superior Resources (TSXV:SUP) ROCE % : -36.84% (As of Jun. 2024)

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What is Northern Superior Resources 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. Northern Superior Resources's annualized ROCE % for the quarter that ended in Jun. 2024 was -36.84%.

Northern Superior Resources ROCE % Historical Data

The historical data trend for Northern Superior Resources'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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Northern Superior Resources ROCE % Chart

Northern Superior Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.09

-11.63

-10.23

-1,277.60

Northern Superior Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-5.00	-4.67	-49.67	-120.39	-36.84

Northern Superior Resources ROCE % Calculation

Northern Superior Resources'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 )
	=	-5.673	/	( ( (2.94 - 6.679)	+	(3.372 - 0.559) )	/ 2 )
	=	-5.673	/	( (-3.739	+	2.813)	/ 2 )
	=	-5.673	/	-0.463
	=	1,225.27 %

Northern Superior Resources's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-2.772	/	( ( (2.698 - 0.647)	+	(13.509 - 0.512) )	/ 2 )
	=	-2.772	/	( ( 2.051	+	12.997 )	/ 2 )
	=	-2.772	/	7.524
	=	-36.84 %

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

Northern Superior Resources (TSXV:SUP) 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.

Northern Superior Resources ROCE % Related Terms

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Northern Superior Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Superior Resources Inc (TSXV:SUP) » Definitions » ROCE %

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NSUPF:USA

Address

1351C Kelly Lake Road, Unit 7, Sudbury, ON, CAN, P3E 5P5

Website

https://www.nsuperior.com

Northern Superior Resources Inc is an exploration-stage junior mining company. It is engaged in the identification, acquisition, evaluation, and exploration of gold properties in Ontario and Quebec. It currently operates in a single segment, being the mining business in Canada and all its resource properties and equipment are situated in Canada. Its properties include TI-PA-HAA-KAA-NING (TPK) Gold/Silver/Copper Property, Croteau Est Gold Property, Lac Surprise Gold Property and many more.

Executives

François Perron

Director