Northstar Gold (XCNQ:NSG) ROCE % : -39.98% (As of Jan. 2024)

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What is Northstar 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. Northstar Gold's annualized ROCE % for the quarter that ended in Jan. 2024 was -39.98%.

Northstar Gold ROCE % Historical Data

The historical data trend for Northstar 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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Northstar Gold ROCE % Chart

Northstar Gold Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

ROCE %

-19.92

-37.94

-54.20

-54.45

Northstar Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-26.92	-35.21	-23.90	-42.22	-39.98

Northstar Gold ROCE % Calculation

Northstar Gold's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	-2.773	/	( ( (5.997 - 0.77)	+	(5.421 - 0.462) )	/ 2 )
	=	-2.773	/	( (5.227	+	4.959)	/ 2 )
	=	-2.773	/	5.093
	=	-54.45 %

Northstar 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 )
	=	-1.916	/	( ( (5.19 - 0.537)	+	(5.216 - 0.285) )	/ 2 )
	=	-1.916	/	( ( 4.653	+	4.931 )	/ 2 )
	=	-1.916	/	4.792
	=	-39.98 %

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

Northstar Gold (XCNQ:NSG) 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.

Northstar Gold ROCE % Related Terms

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Northstar Gold (XCNQ:NSG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NSGCF:USA 3WV:Germany

Address

17 Wellington Street North, Box 2529, New Liskeard, ON, CAN, P0J 1P0

Website

https://www.northstargoldcorp.com

Northstar Gold Corp is engaged in the exploration, development, and acquisition of quality exploration properties in the prolific Abitibi Greenstone Belt. The company's flagship property is the 100% owned Miller Gold Property, situated southeast of Kirkland Lake and Kirkland Lake Gold's Macassa SMC gold mine. The company's projects include Boston Creek - Miller Project, Bryce Project, Temagami-Milestone and Rosegrove.

Executives

John William Pollock

Director

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