Basin Uranium (XCNQ:NCLR) ROCE % : -15.73% (As of Feb. 2024)

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What is Basin Uranium 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. Basin Uranium's annualized ROCE % for the quarter that ended in Feb. 2024 was -15.73%.

Basin Uranium ROCE % Historical Data

The historical data trend for Basin Uranium'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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Basin Uranium ROCE % Chart

Basin Uranium Annual Data

Trend

May20

May21

May22

May23

ROCE %

-117.78

-122.43

-72.36

-17.11

Basin Uranium Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial													-6.28	-17.28	-10.81	-24.24	-15.73

Basin Uranium ROCE % Calculation

Basin Uranium's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-1.209	/	( ( (6.744 - 0.124)	+	(7.619 - 0.109) )	/ 2 )
	=	-1.209	/	( (6.62	+	7.51)	/ 2 )
	=	-1.209	/	7.065
	=	-17.11 %

Basin Uranium's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-1.244	/	( ( (8.014 - 0.136)	+	(8.093 - 0.158) )	/ 2 )
	=	-1.244	/	( ( 7.878	+	7.935 )	/ 2 )
	=	-1.244	/	7.9065
	=	-15.73 %

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

Basin Uranium (XCNQ:NCLR) 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.

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Basin Uranium (XCNQ:NCLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Basin Uranium Corp (XCNQ:NCLR) » Definitions » ROCE %

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Traded in Other Exchanges

BURCF:USA 6NP:Germany

Address

503 – 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.basinuranium.ca

Basin Uranium Corp, formerly Black Shield Metals Corp is a junior mining company and has been engaged in the acquisition, exploration, development, and mining of mineral properties. It has an interest in a carbonate hosted gold (CHG) project with CRR located in British Columbia. The Company also has two uranium projects in their exploration phase located in the United States, namely the Chord project in South Dakota and the Wray Mesa project in southeastern Utah. It also has the Mann Lake uranium project, located in Athabasca Basin of Northern Saskatchewan.

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