NextSource Materials (NextSource Materials) ROCE % : -4.23% (As of Mar. 2024)

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What is NextSource Materials 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. NextSource Materials's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.23%.

NextSource Materials ROCE % Historical Data

The historical data trend for NextSource Materials'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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NextSource Materials ROCE % Chart

NextSource Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-44.91

NextSource Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-13.68	-1.58	-15.40	-9.48	-4.23

NextSource Materials ROCE % Calculation

NextSource Materials's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-11.236	/	( ( (29.298 - 24.333)	+	(52.977 - 7.902) )	/ 2 )
	=	-11.236	/	( (4.965	+	45.075)	/ 2 )
	=	-11.236	/	25.02
	=	-44.91 %

NextSource Materials's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-3.272	/	( ( (84.971 - 6.626)	+	(81.821 - 5.547) )	/ 2 )
	=	-3.272	/	( ( 78.345	+	76.274 )	/ 2 )
	=	-3.272	/	77.3095
	=	-4.23 %

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

NextSource Materials (OTCPK:NSRCF) 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.

NextSource Materials ROCE % Related Terms

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NextSource Materials (NextSource Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NextSource Materials Inc (OTCPK:NSRCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

1JWA:Germany NEXT:Canada

Address

130 King Street West, Exchange Tower, Suite 1940, Toronto, ON, CAN, M5X 2A2

Website

https://www.nextsourcematerials.com

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite. The company also holds an interest in Green Giant Vanadium Project.

Executives

Marc Johnson	officer: Chief Financial Officer	2709-25 CAPREOL COURT, TORONTO A6 M5V3Z7
Robin Borley	director	PO BOX 7377, SECUNDA T3 2302
Dino Arduino Comand	director	131 GARDEN AVENUE, ANCASTER A6 L9G4V9
Dalton Leroy Larson	director	3629 CANTERBURY DRIVE, SURREY A1 V3Z 0X5
Vr Capital Holdings Ltd.	10 percent owner	C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Capital Participation Ltd.	10 percent owner	C/O INTERTRUST CORPORATE SVCS (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Richard Deitz	10 percent owner	NIDDRY LODGE, 51 HOLLAND STREET, LONDON X0 W8 7JB
Vr Capital Group Ltd.	10 percent owner	DUBAI INTERNATIONAL FINANCIAL CENTRE, GATE VILLAGE BLDG. 4, SUITE 402, DUBAI C0 506755
Vr Global Partners, L.p.	10 percent owner	INTERTRUST CORPORATE SERVICES (CAYMAN), 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9005
Vr Advisory Services Ltd	10 percent owner	INTERTRUST CORPORATE SERVICES (CAYMAN), ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005
Thiess Albert Adolph Jr.	director	8 LAWSON'S POND, BLUFFTON SC 29910
De Bruin Johann K.	director	1283 DUNWOODIE AVENUE, WAVERLEY T3 XXXXX
Richard Quesnel	director	SUITE 520, 141 ADELAIDE STREET WEST, TORONTO A6 M5H 3L5
Peter D Liabotis	officer: VP Finance	SUITE 520, 141 ADELAIDE STREET WEST, TORONTO A6 M5H 3L5
Craig S Scherba	director, officer: VP - Exploration	SUITE 520, 141 ADELAIDE STREET WEST, TORONTO A6 M5H 3L5