Northern Uranium (TSXV:UNO.H) ROCE % : 0.00% (As of Sep. 2024)

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What is Northern Uranium 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 Uranium's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Northern Uranium ROCE % Historical Data

The historical data trend for Northern Uranium'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 Uranium ROCE % Chart

Northern Uranium Annual Data

Trend

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Dec23

ROCE %

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Northern Uranium Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Northern Uranium ROCE % Calculation

Northern Uranium'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 )
	=	-0.09	/	( ( (0.005 - 0.874)	+	(0.002 - 0.963) )	/ 2 )
	=	-0.09	/	( (-0.869	+	-0.961)	/ 2 )
	=	-0.09	/	-0.915
	=	9.84 %

Northern Uranium'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 )
	=	-0.244	/	( ( (0.013 - 1.034)	+	(0.008 - 1.047) )	/ 2 )
	=	-0.244	/	( ( -1.021	+	-1.039 )	/ 2 )
	=	-0.244	/	-1.03
	=	0 %

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

Northern Uranium (TSXV:UNO.H) 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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Northern Uranium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Northern Uranium Corp (TSXV:UNO.H) » Definitions » ROCE %

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Address

702 - 889 West Pender Street, Vancouver, BC, CAN, V6C 3B2

Website

https://www.northernuranium.com

Northern Uranium Corp is an exploration-stage mineral properties company. Principally, it is engaged in the business of exploration and development of mineral properties. The company is focused on the development of the Northwest Manitoba project.

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