Norsemont Mining (XCNQ:NOM) ROCE % : -11.39% (As of Sep. 2023)

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What is Norsemont Mining 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. Norsemont Mining's annualized ROCE % for the quarter that ended in Sep. 2023 was -11.39%.

Norsemont Mining ROCE % Historical Data

The historical data trend for Norsemont Mining'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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Norsemont Mining ROCE % Chart

Norsemont Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-249.50

-442.67

-32.03

-30.11

-20.20

Norsemont Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-18.16	-10.95	-8.17	-7.90	-11.39

Norsemont Mining ROCE % Calculation

Norsemont Mining's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-5.307	/	( ( (30.32 - 2.103)	+	(27.629 - 3.3) )	/ 2 )
	=	-5.307	/	( (28.217	+	24.329)	/ 2 )
	=	-5.307	/	26.273
	=	-20.20 %

Norsemont Mining's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.684	/	( ( (27.566 - 4.055)	+	(27.547 - 3.933) )	/ 2 )
	=	-2.684	/	( ( 23.511	+	23.614 )	/ 2 )
	=	-2.684	/	23.5625
	=	-11.39 %

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

Norsemont Mining (XCNQ:NOM) 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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Norsemont Mining (XCNQ:NOM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsemont Mining Inc (XCNQ:NOM) » Definitions » ROCE %

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NRRSF:USA LXZ1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

https://www.norsemont.com

Norsemont Mining Inc. comprises experienced natural resource professionals focused on growing shareholder value and fast-tracking its flagship project through to bankable feasibility. Norsemont owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile. The company's mining properties are located in Canada (Burge Lake Project) and Chile (Choquelimpie). Choquelimpie has over 1,700 drill holes, with substantial existing infrastructure. Other reportable segments consist of the Burge Lake Project.