Nubian Resources (Nubian Resources) ROCE % : -2.54% (As of Jan. 2024)

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What is Nubian 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. Nubian Resources's annualized ROCE % for the quarter that ended in Jan. 2024 was -2.54%.

Nubian Resources ROCE % Historical Data

The historical data trend for Nubian 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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Nubian Resources ROCE % Chart

Nubian Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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-17.23

-73.37

-26.13

28.82

-3.22

Nubian Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-2.47	-2.72	-3.34	-2.46	-2.54

Nubian Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-0.372	/	( ( (14.061 - 0.674)	+	(9.779 - 0.058) )	/ 2 )
	=	-0.372	/	( (13.387	+	9.721)	/ 2 )
	=	-0.372	/	11.554
	=	-3.22 %

Nubian 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 )
	=	-0.192	/	( ( (7.577 - 0.07)	+	(7.705 - 0.121) )	/ 2 )
	=	-0.192	/	( ( 7.507	+	7.584 )	/ 2 )
	=	-0.192	/	7.5455
	=	-2.54 %

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

Nubian Resources (OTCPK:NBRFF) 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.

Nubian Resources ROCE % Related Terms

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Nubian Resources (Nubian Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nubian Resources Ltd (OTCPK:NBRFF) » Definitions » ROCE %

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IVHN:Germany NBR:Canada

Address

2526 Yale Court Road, Suite 202, Yale Court Plaza, Abbotsford, BC, CAN, V2S 8G9

Website

https://www.nubianr.com

Nubian Resources Ltd is a mineral exploration company. The company's principal operations are carried out in Canada, Australia, the United States, and Peru. Its projects include United States Properties, Esquilache, Stavely projects, Yandoit. The company's only segment is the exploration and evaluation of mineral properties. Geographically, key revenue is generated from Canada.

Nubian Resources (Nubian Resources) Headlines

From GuruFocus

NUBIAN AND ATHENA ANNOUNCE CLOSING OF SALE AND ACQUISITION OF EXCELSIOR SPRINGS PROJECT

By PRNewswire PRNewswire • 01-05-2022

Nubian Makes Application to Extend Warrant Expiry

By ACCESSWIRE ACCESSWIRE • 07-18-2020

Nubian to Acquire Stavely's Fosterville East & Tasmanian Gold Projects

By ACCESSWIRE ACCESSWIRE • 07-15-2020