Neotech Metals (XCNQ:NTMC) ROCE % : -27.43% (As of Sep. 2024)

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What is Neotech Metals 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. Neotech Metals's annualized ROCE % for the quarter that ended in Sep. 2024 was -27.43%.

Neotech Metals ROCE % Historical Data

The historical data trend for Neotech Metals'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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Neotech Metals ROCE % Chart

Neotech Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-18.77

-327.21

-275.61

Neotech Metals Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						-136.13	-421.47	-106.78	-93.80	-27.43

Neotech Metals ROCE % Calculation

Neotech Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-7.261	/	( ( (0.401 - 0.159)	+	(6.034 - 1.007) )	/ 2 )
	=	-7.261	/	( (0.242	+	5.027)	/ 2 )
	=	-7.261	/	2.6345
	=	-275.61 %

Neotech Metals'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 )
	=	-1.46	/	( ( (6.034 - 1.007)	+	(6.903 - 1.283) )	/ 2 )
	=	-1.46	/	( ( 5.027	+	5.62 )	/ 2 )
	=	-1.46	/	5.3235
	=	-27.43 %

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

Neotech Metals (XCNQ:NTMC) 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.

Neotech Metals ROCE % Related Terms

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Neotech Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Neotech Metals Corp (XCNQ:NTMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NTMFF:USA V690:Germany

Address

333 Terminal Avenue, Suite 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.neotechmetals.com

Neotech Metals Corp is an exploration company. It is focused on the exploration of the EBB Nickel-Cobalt property. The property comprises three contiguous mining claims covering approximately 2,199.74 hectares near Port Renfrew, BC. The Company has one operating segment, being the acquisition, exploration and evaluation of mineral resource properties in Canada.

Executives

Gurcharn Deol

Director

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