Newterra Resources (XCNQ:NT) ROCE % : -191.65% (As of Jan. 2024)

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What is Newterra 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. Newterra Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -191.65%.

Newterra Resources ROCE % Historical Data

The historical data trend for Newterra 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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Newterra Resources ROCE % Chart

Newterra Resources Annual Data

Trend

Oct21

Oct22

Oct23

ROCE %

-93.62

-343.55

Newterra Resources Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial			-	-32.76	-200.98	-271.76	-191.65

Newterra Resources ROCE % Calculation

Newterra Resources's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-0.213	/	( ( (0.143 - 0.103)	+	(0.216 - 0.132) )	/ 2 )
	=	-0.213	/	( (0.04	+	0.084)	/ 2 )
	=	-0.213	/	0.062
	=	-343.55 %

Newterra Resources'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 )
	=	-0.436	/	( ( (0.216 - 0.132)	+	(0.395 - 0.024) )	/ 2 )
	=	-0.436	/	( ( 0.084	+	0.371 )	/ 2 )
	=	-0.436	/	0.2275
	=	-191.65 %

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

Newterra Resources (XCNQ:NT) 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.

Newterra Resources ROCE % Related Terms

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Newterra Resources (XCNQ:NT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newterra Resources Inc (XCNQ:NT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9285 203b Street, Langley, BC, CAN, V1M 2L9

Website

Newterra Resources Inc is engaged in the acquisition and exploration of mineral properties in Canada.

Executives

Darren Blaney

10% Security Holder, Director, Senior Officer

Newterra Resources (XCNQ:NT) Headlines

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