Norrland Gold (TSXV:NORR) ROCE % : -46.32% (As of Dec. 2023)

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What is Norrland Gold 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. Norrland Gold's annualized ROCE % for the quarter that ended in Dec. 2023 was -46.32%.

Norrland Gold ROCE % Historical Data

The historical data trend for Norrland Gold'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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Norrland Gold ROCE % Chart

Norrland Gold Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-78.84

-36.12

Norrland Gold Quarterly Data
	May20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-30.97	-45.72	-37.01	-47.40	-46.32

Norrland Gold ROCE % Calculation

Norrland Gold'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 )
	=	-0.451	/	( ( (1.628 - 0.162)	+	(1.149 - 0.118) )	/ 2 )
	=	-0.451	/	( (1.466	+	1.031)	/ 2 )
	=	-0.451	/	1.2485
	=	-36.12 %

Norrland Gold'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 )
	=	-0.368	/	( ( (0.868 - 0.032)	+	(0.858 - 0.105) )	/ 2 )
	=	-0.368	/	( ( 0.836	+	0.753 )	/ 2 )
	=	-0.368	/	0.7945
	=	-46.32 %

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

Norrland Gold (TSXV:NORR) 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.

Norrland Gold ROCE % Related Terms

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Norrland Gold (TSXV:NORR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norrland Gold Corp (TSXV:NORR) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1055 West Georgia Street, Suite 2050, P.O. Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.norrlandgold.com

Norrland Gold Corp is a precious metals exploration company that is focused on gold discovery in mineral-rich Sweden. It owns the Vittantrasket No. 1 tenement located in the municipality of Lycksele, Sweden that is an early-stage gold exploration project.

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