Novagold Resources (NG) Return on Capital Employed [ROCE] (2016 - 2026)
Novagold Resources (NG) posted Return on Capital Employed [ROCE] of -11.64% for fiscal Q1 2026 (quarter ended Feb 28, 2026), up 22.75 percentage points from -34.39% a year earlier and up 2.44 percentage points from the prior quarter.
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Analysis
Novagold Resources (NG) Return on Capital Employed [ROCE] (2016 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Novagold Resources' Return on Capital Employed [ROCE] came in at -21.70%, up 10.64 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of -7.35 percentage points (FY2020 to FY2025).
- In prior fiscal years, Novagold Resources' Return on Capital Employed [ROCE] was -32.35% in FY2024 (-4.02 pp), -28.32% in FY2023 (-0.65 pp), -27.68% in FY2022 (-9.90 pp) and -17.77% in FY2021 (-3.42 pp).
- The fiscal Q1 2026 figure stands as the highest quarterly Return on Capital Employed [ROCE] since fiscal Q1 2020.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased in each of the last four quarters, with an average year-over-year change of +8.89 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was fiscal Q1 2026, with a gain of 22.75 percentage points; the weakest was fiscal Q1 2023, with a drop of 11.90 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior fiscal quarters was -14.09% (Q4 2025), -12.69% (Q3 2025) and -17.23% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | 42.99% |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 9.92% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 7.19% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 13.20% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 42.05% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 23.46% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 13.42% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.51% |
| 10 | Novagold Resources | 2.88 Bn | 2.88 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Feb 28, 2026 | -11.64% |
| Nov 30, 2025 | -14.09% |
| Aug 31, 2025 | -12.69% |
| May 31, 2025 | -17.23% |
| Feb 28, 2025 | -34.39% |
| Nov 30, 2024 | -35.13% |
| Aug 31, 2024 | -32.02% |
| May 31, 2024 | -31.55% |
| Feb 29, 2024 | -30.76% |
| Nov 30, 2023 | -30.58% |
| Aug 31, 2023 | -31.74% |
| May 31, 2023 | -33.66% |
| Feb 28, 2023 | -32.16% |
| Nov 30, 2022 | -30.50% |
| Aug 31, 2022 | -27.22% |
| May 31, 2022 | -24.00% |
| Feb 28, 2022 | -20.26% |
| Nov 30, 2021 | -18.68% |
| Aug 31, 2021 | -17.52% |
| May 31, 2021 | -16.56% |
API Access
Novagold Resources Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();