Greenland Resources (NEOE:MOLY) ROCE % : -117.37% (As of Dec. 2023)

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What is Greenland 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. Greenland Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -117.37%.

Greenland Resources ROCE % Historical Data

The historical data trend for Greenland 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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Greenland Resources ROCE % Chart

Greenland Resources Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-42.83

-48.54

-25.54

-141.11

-131.46

Greenland Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-238.23	-83.39	-126.46	-165.85	-117.37

Greenland Resources ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-3.782	/	( ( (2.589 - 0.376)	+	(3.701 - 0.16) )	/ 2 )
	=	-3.782	/	( (2.213	+	3.541)	/ 2 )
	=	-3.782	/	2.877
	=	-131.46 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-6.624	/	( ( (6.504 - 0.076)	+	(5.098 - 0.239) )	/ 2 )
	=	-6.624	/	( ( 6.428	+	4.859 )	/ 2 )
	=	-6.624	/	5.6435
	=	-117.37 %

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

Greenland Resources (NEOE:MOLY) 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.

Greenland Resources ROCE % Related Terms

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Greenland Resources (NEOE:MOLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenland Resources Inc (NEOE:MOLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRLRF:USA M0LY:Germany

Address

25 York Street, Suite 1810, Toronto, ON, CAN, M5J 2V5

Website

https://www.greenlandresources.ca

Greenland Resources Inc is focused on the development of its flagship project called Malmbjerg, a world-class Climax-type pure molybdenum mineral deposit near tidewater in east-central Greenland.

Executives

Ruben Shiffman

Director, Senior Officer

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