Norden Crown Metals (TSXV:NOCR) ROCE % : -190.21% (As of Dec. 2023)

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What is Norden Crown Metals 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. Norden Crown Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -190.21%.

Norden Crown Metals ROCE % Historical Data

The historical data trend for Norden Crown Metals'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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Norden Crown Metals ROCE % Chart

Norden Crown Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-72.87

-40.98

-27.70

-18.03

-54.42

Norden Crown Metals 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															-25.55	-14.57	-5.95	-10.09	-190.21

Norden Crown Metals ROCE % Calculation

Norden Crown Metals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-2.022	/	( ( (6.237 - 1.51)	+	(4.445 - 1.741) )	/ 2 )
	=	-2.022	/	( (4.727	+	2.704)	/ 2 )
	=	-2.022	/	3.7155
	=	-54.42 %

Norden Crown Metals'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 )
	=	-6.704	/	( ( (5.675 - 1.33)	+	(4.445 - 1.741) )	/ 2 )
	=	-6.704	/	( ( 4.345	+	2.704 )	/ 2 )
	=	-6.704	/	3.5245
	=	-190.21 %

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

Norden Crown Metals (TSXV:NOCR) 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.

Norden Crown Metals ROCE % Related Terms

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Norden Crown Metals (TSXV:NOCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norden Crown Metals Corp (TSXV:NOCR) » Definitions » ROCE %

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NOCRF:USA 03EA:Germany

Address

233 West 1st Street, Suite 340, North Vancouver, Vancouver, BC, CAN, V7M 1B3

Website

http://www.nordencrownmetals.com

Norden Crown Metals Corp is a mineral exploration company focused on the discovery of silver, zinc, copper, and gold deposits. It is engaged in one business activity, which is the exploration of base and precious metals. The company's projects include the Gumsberg VMS project and the Burfjord IOCG project.

Norden Crown Metals (TSXV:NOCR) Headlines

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