Northern Shield Resources (TSXV:NRN) ROCE % : -13.41% (As of Dec. 2023)

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What is Northern Shield Resources 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. Northern Shield Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.41%.

Northern Shield Resources ROCE % Historical Data

The historical data trend for Northern Shield Resources'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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Northern Shield Resources ROCE % Chart

Northern Shield Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-95.38

-24.80

-10.11

-11.60

-16.49

Northern Shield Resources 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															-14.67	-9.94	-13.61	-27.93	-13.41

Northern Shield Resources ROCE % Calculation

Northern Shield Resources'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 )
	=	-0.858	/	( ( (5.768 - 0.562)	+	(6.019 - 0.817) )	/ 2 )
	=	-0.858	/	( (5.206	+	5.202)	/ 2 )
	=	-0.858	/	5.204
	=	-16.49 %

Northern Shield Resources'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 )
	=	-0.72	/	( ( (6.221 - 0.681)	+	(6.019 - 0.817) )	/ 2 )
	=	-0.72	/	( ( 5.54	+	5.202 )	/ 2 )
	=	-0.72	/	5.371
	=	-13.41 %

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

Northern Shield Resources (TSXV:NRN) 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.

Northern Shield Resources ROCE % Related Terms

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Northern Shield Resources (TSXV:NRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Shield Resources Inc (TSXV:NRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NSHRF:USA N9SA:Germany

Address

150 Elgin Street, 10th Floor, Ottawa, ON, CAN, K2P 1L4

Website

http://www.northern-shield.com

Northern Shield Resources Inc is a mineral exploration company engaged in the business of identifying, acquiring, and exploring mineral properties. Its principal projects include Huckleberry property and Idefix property. It also holds an interest in Root and Cellar, Shot Rock, Five Islands properties.

Executives

Russell Montgomery Richards

Director

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