Nation Gold (XCNQ:NATN) ROCE % : -7.42% (As of Jan. 2024)

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What is Nation 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. Nation Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -7.42%.

Nation Gold ROCE % Historical Data

The historical data trend for Nation 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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Nation Gold ROCE % Chart

Nation Gold Annual Data

Trend

Apr21

Apr22

Apr23

ROCE %

-74.24

-36.92

-15.30

Nation Gold Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial									-10.89	-31.06	-12.16	-9.68	-7.42

Nation Gold ROCE % Calculation

Nation Gold's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.166	/	( ( (1.139 - 0.004)	+	(1.038 - 0.003) )	/ 2 )
	=	-0.166	/	( (1.135	+	1.035)	/ 2 )
	=	-0.166	/	1.085
	=	-15.30 %

Nation Gold's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.072	/	( ( (0.988 - 0.009)	+	(0.969 - 0.008) )	/ 2 )
	=	-0.072	/	( ( 0.979	+	0.961 )	/ 2 )
	=	-0.072	/	0.97
	=	-7.42 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Nation Gold (XCNQ:NATN) 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.

Nation Gold ROCE % Related Terms

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Nation Gold (XCNQ:NATN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nation Gold Corp (XCNQ:NATN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 West Pender Street, Suite 750, Vancouver, BC, CAN, V6E 2M6

Website

https://www.nationgold.ca

Nation Gold Corp is engaged in the acquisition and exploration of mineral property assets. It has an interest in the Cattle Creek Project.

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