Nouveau Monde Graphite (TSXV:NOU) ROCE % : -45.78% (As of Dec. 2023)

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What is Nouveau Monde Graphite 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. Nouveau Monde Graphite's annualized ROCE % for the quarter that ended in Dec. 2023 was -45.78%.

Nouveau Monde Graphite ROCE % Historical Data

The historical data trend for Nouveau Monde Graphite'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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Nouveau Monde Graphite ROCE % Chart

Nouveau Monde Graphite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-240.62

-185.00

-61.35

-37.27

-36.03

Nouveau Monde Graphite 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															-11.73	-69.36	12.74	-38.37	-45.78

Nouveau Monde Graphite ROCE % Calculation

Nouveau Monde Graphite'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 )
	=	-44.306	/	( ( (150.074 - 16.105)	+	(123.939 - 11.984) )	/ 2 )
	=	-44.306	/	( (133.969	+	111.955)	/ 2 )
	=	-44.306	/	122.962
	=	-36.03 %

Nouveau Monde Graphite'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 )
	=	-54.432	/	( ( (136.353 - 10.534)	+	(123.939 - 11.984) )	/ 2 )
	=	-54.432	/	( ( 125.819	+	111.955 )	/ 2 )
	=	-54.432	/	118.887
	=	-45.78 %

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

Nouveau Monde Graphite (TSXV:NOU) 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.

Nouveau Monde Graphite ROCE % Related Terms

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Nouveau Monde Graphite (TSXV:NOU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nouveau Monde Graphite Inc (TSXV:NOU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NMG:USA NM9A:Germany

Address

481 Brassard Street, Saint-Michel-des-Saints, QC, CAN, J0K 3B0

Website

https://www.nmg.com

Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company currently operates in two segments: the Matawinie Mine Project and the Battery Material Plant project.

Executives

Josée Gagnon

Senior Officer

Nouveau Monde Graphite (TSXV:NOU) Headlines

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