Nidhogg Resources Holding AB (XSAT:NIDHOG) ROCE % : -0.68% (As of Sep. 2024)

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What is Nidhogg Resources Holding AB 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. Nidhogg Resources Holding AB's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.68%.

Nidhogg Resources Holding AB ROCE % Historical Data

The historical data trend for Nidhogg Resources Holding AB'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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Nidhogg Resources Holding AB ROCE % Chart

Nidhogg Resources Holding AB Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-53.17

-58.84

-84.86

-860.33

Nidhogg Resources Holding AB 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															-0.03	-863.06	-	-3,527.48	-0.68

Nidhogg Resources Holding AB ROCE % Calculation

Nidhogg Resources Holding AB'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 )
	=	-4019.312	/	( ( (25 - 0)	+	(1752.423 - 843.058) )	/ 2 )
	=	-4019.312	/	( (25	+	909.365)	/ 2 )
	=	-4019.312	/	467.1825
	=	-860.33 %

Nidhogg Resources Holding AB'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 )
	=	-3.088	/	( ( (1752.423 - 843.058)	+	(0.796 - 0.658) )	/ 2 )
	=	-3.088	/	( ( 909.365	+	0.138 )	/ 2 )
	=	-3.088	/	454.7515
	=	-0.68 %

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

Nidhogg Resources Holding AB (XSAT:NIDHOG) 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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Nidhogg Resources Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Nidhogg Resources Holding AB (XSAT:NIDHOG) » Definitions » ROCE %

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Address

SLOTTSGATAN 14, Fogdevreten 2, Jonkoping, SWE, 553 22

Website

https://www.nidhoggresources.se

Nidhogg Resources Holding AB is a Company operates in the mining sector. The company is a Swedish-owned company with a focus on extracting raw materials in Sweden and the USA. The company's plan of action is to build on existing infrastructure, apply new technology/innovations to support and drive the energy system transition.

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