Nevgold (TSXV:NAU) ROCE % : -19.61% (As of Dec. 2023)

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What is Nevgold 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. Nevgold's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.61%.

Nevgold ROCE % Historical Data

The historical data trend for Nevgold'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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Nevgold ROCE % Chart

Nevgold Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-27.00

-17.75

-12.50

Nevgold Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-19.88	-12.44	-9.39	-6.98	-19.61

Nevgold ROCE % Calculation

Nevgold'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 )
	=	-2.383	/	( ( (18.422 - 0.572)	+	(22.279 - 1.988) )	/ 2 )
	=	-2.383	/	( (17.85	+	20.291)	/ 2 )
	=	-2.383	/	19.0705
	=	-12.50 %

Nevgold's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-4.056	/	( ( (21.577 - 0.51)	+	(22.279 - 1.988) )	/ 2 )
	=	-4.056	/	( ( 21.067	+	20.291 )	/ 2 )
	=	-4.056	/	20.679
	=	-19.61 %

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

Nevgold (TSXV:NAU) 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.

Nevgold ROCE % Related Terms

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Nevgold (TSXV:NAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevgold Corp (TSXV:NAU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NAUFF:USA 5E50:Germany

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.nev-gold.com

Nevgold Corp is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash Projects in Nevada, and the Ptarmigan silver polymetallic project in Southeast British Columbia. The Company operates in one business segment which is exploration and development of resource property in Canada and the US.

Executives

Brandon Gennaro Bonifacio	Senior Officer
Giulio Bonifacio	Director

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