Infinitum Copper (TSXV:INFI) ROCE % : -57.29% (As of Mar. 2024)

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What is Infinitum Copper 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. Infinitum Copper's annualized ROCE % for the quarter that ended in Mar. 2024 was -57.29%.

Infinitum Copper ROCE % Historical Data

The historical data trend for Infinitum Copper'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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Infinitum Copper ROCE % Chart

Infinitum Copper Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-267.30

-99.49

Infinitum Copper Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-60.18	-73.70	-133.71	-72.93	-57.29

Infinitum Copper ROCE % Calculation

Infinitum Copper'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 )
	=	-2.937	/	( ( (3.806 - 0.472)	+	(3.286 - 0.716) )	/ 2 )
	=	-2.937	/	( (3.334	+	2.57)	/ 2 )
	=	-2.937	/	2.952
	=	-99.49 %

Infinitum Copper's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.404	/	( ( (3.286 - 0.716)	+	(3.25 - 0.919) )	/ 2 )
	=	-1.404	/	( ( 2.57	+	2.331 )	/ 2 )
	=	-1.404	/	2.4505
	=	-57.29 %

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

Infinitum Copper (TSXV:INFI) 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.

Infinitum Copper ROCE % Related Terms

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Infinitum Copper (TSXV:INFI) Business Description

Industry

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INUMF:USA

Address

800 West Pender Street, Suite 450, Vancouver, BC, CAN, V6C 2V6

Website

https://www.infinitumcopper.com

Infinitum Copper Corp is engaged in the exploration of minerals. The company holds interest in Adelita Project located in the Alamos Mining District, next to Alamo Dorado Mine in Sonora, Mexico.

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