NorthIsle Copper and Gold (TSXV:NCX) ROCE % : -75.16% (As of Dec. 2023)

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What is NorthIsle Copper and Gold 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. NorthIsle Copper and Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -75.16%.

NorthIsle Copper and Gold ROCE % Historical Data

The historical data trend for NorthIsle Copper and Gold'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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NorthIsle Copper and Gold ROCE % Chart

NorthIsle Copper and Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.01

-10.70

-39.98

-55.53

-52.89

NorthIsle Copper and Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-62.88	-30.63	-42.86	-77.12	-75.16

NorthIsle Copper and Gold ROCE % Calculation

NorthIsle Copper and Gold'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 )
	=	-8.004	/	( ( (16.716 - 3.076)	+	(18.002 - 1.378) )	/ 2 )
	=	-8.004	/	( (13.64	+	16.624)	/ 2 )
	=	-8.004	/	15.132
	=	-52.89 %

NorthIsle Copper and Gold'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 )
	=	-11.016	/	( ( (14.281 - 1.59)	+	(18.002 - 1.378) )	/ 2 )
	=	-11.016	/	( ( 12.691	+	16.624 )	/ 2 )
	=	-11.016	/	14.6575
	=	-75.16 %

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

NorthIsle Copper and Gold (TSXV:NCX) 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.

NorthIsle Copper and Gold ROCE % Related Terms

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NorthIsle Copper and Gold (TSXV:NCX) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NorthIsle Copper and Gold Inc (TSXV:NCX) » Definitions » ROCE %

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Traded in Other Exchanges

NTCPF:USA 0N4:Germany

Address

1166 Alberni Street, Suite 1200, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.northisle.ca

NorthIsle Copper and Gold Inc is a mineral exploration company. The company's principal business activity is the exploration and development of its North Island Project on Vancouver Island.

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