Nevada King Gold (TSXV:NKG) ROCE % : -85.04% (As of Dec. 2023)

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What is Nevada King 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. Nevada King Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -85.04%.

Nevada King Gold ROCE % Historical Data

The historical data trend for Nevada King 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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Nevada King Gold ROCE % Chart

Nevada King Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-224.23

-31.09

-12.67

-15.31

-43.82

Nevada King Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-28.06	-26.87	-19.77	-89.00	-85.04

Nevada King Gold ROCE % Calculation

Nevada King Gold's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-23.395	/	( ( (70.655 - 0.256)	+	(37.664 - 1.275) )	/ 2 )
	=	-23.395	/	( (70.399	+	36.389)	/ 2 )
	=	-23.395	/	53.394
	=	-43.82 %

Nevada King 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 )
	=	-30.724	/	( ( (40.971 - 1.124)	+	(33.139 - 0.727) )	/ 2 )
	=	-30.724	/	( ( 39.847	+	32.412 )	/ 2 )
	=	-30.724	/	36.1295
	=	-85.04 %

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

Nevada King Gold (TSXV:NKG) 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.

Nevada King Gold ROCE % Related Terms

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Nevada King Gold (TSXV:NKG) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada King Gold Corp (TSXV:NKG) » Definitions » ROCE %

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NKGFF:USA

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V7X 1L4

Website

https://www.nevadaking.ca

Nevada King Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties in Nevada. The company's project portfolio includes Atlanta, Lewis, Horse Mtn. mill creek, iron and other seven projects.

Executives

Michael A Parker

10% Security Holder