Newpath Resources (XCNQ:PATH) ROCE % : 0.00% (As of Oct. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Newpath 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. Newpath Resources's annualized ROCE % for the quarter that ended in Oct. 2023 was 0.00%.

Newpath Resources ROCE % Historical Data

The historical data trend for Newpath 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.

* Premium members only.

Newpath Resources ROCE % Chart

Newpath Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

ROCE %

-160.21

-30.02

-158.42

-58.94

Newpath Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial												-15.63	-41.08	-120.08	-485.02	-

Newpath Resources ROCE % Calculation

Newpath Resources'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 )
	=	-1.285	/	( ( (2.814 - 0.271)	+	(2.138 - 0.321) )	/ 2 )
	=	-1.285	/	( (2.543	+	1.817)	/ 2 )
	=	-1.285	/	2.18
	=	-58.94 %

Newpath Resources's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-1.656	/	( ( (1.63 - 2.459)	+	(1.55 - 2.711) )	/ 2 )
	=	-1.656	/	( ( -0.829	+	-1.161 )	/ 2 )
	=	-1.656	/	-0.995
	=	0 %

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

Newpath Resources (XCNQ:PATH) 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.

Newpath Resources ROCE % Related Terms

Thank you for viewing the detailed overview of Newpath Resources's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Newpath Resources (XCNQ:PATH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0MZ:Germany

Address

333 Terminal Avenue, Unit 220, Vancouver, BC, CAN, V6A 4C1

Website

https://www.newpathresources.com

Newpath Resources Inc is a precious metals exploration company. It owns the Northshore Gold Project, located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay, Ontario which is prospective for gold and silver mineralization. The company also owns an interest in two separate claim blocks known as the Hemlo Eastern Flanks Project. The company also holds an option to acquire a 100% undivided interest in a continuous claim block comprising the Emmons Peak Project located south of Dryden, Ontario that is near the Treasury Metals Goliath and Goldlund advanced gold development projects.

Executives

Alexander Mcaulay

Director