NorthX Nickel (XCNQ:NIX) ROCE % : 3.47% (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is NorthX Nickel 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. NorthX Nickel's annualized ROCE % for the quarter that ended in Jun. 2023 was 3.47%.

NorthX Nickel ROCE % Historical Data

The historical data trend for NorthX Nickel'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.

* Premium members only.

NorthX Nickel ROCE % Chart

NorthX Nickel Annual Data

Trend

Sep20

Sep21

ROCE %

-3.83

-75.00

NorthX Nickel Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial										-348.94	-728.38	-34.44	-1.37	3.47

NorthX Nickel ROCE % Calculation

NorthX Nickel's annualized ROCE % for the fiscal year that ended in Sep. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2021 )		(A: Sep. 2020 )		(A: Sep. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2021 )		(A: Sep. 2020 )		(A: Sep. 2021 )
	=	-0.57	/	( ( (0.217 - 0.008)	+	(1.536 - 0.225) )	/ 2 )
	=	-0.57	/	( (0.209	+	1.311)	/ 2 )
	=	-0.57	/	0.76
	=	-75.00 %

NorthX Nickel's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	1.304	/	( ( (40.813 - 3.507)	+	(40.434 - 2.474) )	/ 2 )
	=	1.304	/	( ( 37.306	+	37.96 )	/ 2 )
	=	1.304	/	37.633
	=	3.47 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

NorthX Nickel (XCNQ:NIX) 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.

NorthX Nickel ROCE % Related Terms

Thank you for viewing the detailed overview of NorthX Nickel's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

NorthX Nickel (XCNQ:NIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NorthX Nickel Corp (XCNQ:NIX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RCHRF:USA 6YR0:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E 3V7

Website

https://www.archerexploration.com

Archer Exploration Corp is engaged in the acquisition, exploration and development of mineral properties in Canada.

Executives

Christian Peter Kargl-simard

Director

NorthX Nickel (XCNQ:NIX) Headlines

No Headlines