Canada Nickel Co (TSXV:CNC) ROCE % : -9.19% (As of Jan. 2024)

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What is Canada Nickel Co 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. Canada Nickel Co's annualized ROCE % for the quarter that ended in Jan. 2024 was -9.19%.

Canada Nickel Co ROCE % Historical Data

The historical data trend for Canada Nickel Co'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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Canada Nickel Co ROCE % Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

ROCE %

-14.86

-16.21

-2.85

-6.47

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial												-8.51	-5.59	-3.85	-7.51	-9.19

Canada Nickel Co ROCE % Calculation

Canada Nickel Co's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-9.118	/	( ( (144.315 - 24.224)	+	(183.068 - 21.182) )	/ 2 )
	=	-9.118	/	( (120.091	+	161.886)	/ 2 )
	=	-9.118	/	140.9885
	=	-6.47 %

Canada Nickel Co's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-15.724	/	( ( (183.068 - 21.182)	+	(218.389 - 38.096) )	/ 2 )
	=	-15.724	/	( ( 161.886	+	180.293 )	/ 2 )
	=	-15.724	/	171.0895
	=	-9.19 %

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

Canada Nickel Co (TSXV:CNC) 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.

Canada Nickel Co ROCE % Related Terms

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Canada Nickel Co (TSXV:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (TSXV:CNC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNIKF:USA 4E0:Germany

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.

Executives