Imperial Metals (TSX:III) ROCE % : -2.97% (As of Dec. 2023)

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What is Imperial 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. Imperial Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.97%.

Imperial Metals ROCE % Historical Data

The historical data trend for Imperial 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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Imperial Metals ROCE % Chart

Imperial Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.67

-0.72

-2.72

-7.21

-2.75

Imperial 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															-5.59	-2.05	-4.85	-1.16	-2.97

Imperial Metals ROCE % Calculation

Imperial 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 )
	=	-30.824	/	( ( (1299.702 - 179.38)	+	(1411.99 - 287.542) )	/ 2 )
	=	-30.824	/	( (1120.322	+	1124.448)	/ 2 )
	=	-30.824	/	1122.385
	=	-2.75 %

Imperial 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 )
	=	-32.896	/	( ( (1369.152 - 276.066)	+	(1411.99 - 287.542) )	/ 2 )
	=	-32.896	/	( ( 1093.086	+	1124.448 )	/ 2 )
	=	-32.896	/	1108.767
	=	-2.97 %

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

Imperial Metals (TSX:III) 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.

Imperial Metals ROCE % Related Terms

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Imperial Metals (TSX:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Imperial Metals Corp (TSX:III) » Definitions » ROCE %

Comparable Companies

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IPMLF:USA L7D:Germany

Address

580 Hornby Street, Suite 200, Vancouver, BC, CAN, V6C 3B6

Website

https://www.imperialmetals.com

Imperial Metals Corp is a mining company mainly engaged in the exploration, development, and production of base and precious metals from Canadian mineral properties. It operates through four segments which include Red Chris, Mount Polley, Huckleberry, and Corporate. The company's properties include the Red Chris copper/gold mine in northwest British Columbia; the Mount Polley copper/gold mine in central British Columbia, and the Huckleberry copper mine in northern British Columbia. It explores copper, gold, silver, and other minerals in which copper is the company's principal product.