Nine Mile Metals (XCNQ:NINE) ROCE % : -35.74% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Nine Mile 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. Nine Mile Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.74%.

Nine Mile Metals ROCE % Historical Data

The historical data trend for Nine Mile 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.

* Premium members only.

Nine Mile Metals ROCE % Chart

Nine Mile Metals Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

-70.54

-139.25

-1,036.39

-55.41

-53.89

Nine Mile Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-52.07	-52.09	-50.00	-	-35.74

Nine Mile Metals ROCE % Calculation

Nine Mile Metals's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-2.696	/	( ( (5.248 - 0.022)	+	(4.949 - 0.17) )	/ 2 )
	=	-2.696	/	( (5.226	+	4.779)	/ 2 )
	=	-2.696	/	5.0025
	=	-53.89 %

Nine Mile 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 )
	=	-1.8	/	( ( (4.949 - 0.17)	+	(5.867 - 0.572) )	/ 2 )
	=	-1.8	/	( ( 4.779	+	5.295 )	/ 2 )
	=	-1.8	/	5.037
	=	-35.74 %

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

Nine Mile Metals (XCNQ:NINE) 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.

Nine Mile Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Nine Mile Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nine Mile Metals (XCNQ:NINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nine Mile Metals Ltd (XCNQ:NINE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VMSXF:USA

Address

350 - 1650 West 2nd Avenue, Vancouver, BC, CAN, V6J 1H4

Website

https://www.ninemilemetals.com

Nine Mile Metals Ltd is a gold exploration company focused on acquiring mineral properties. The principal business of the Company is to acquire, explore, and develop mineral properties and ultimately seek earnings by exploiting mineral claims. The company holds an interest in the Millennium Gold Property, Nine-mile brook, California lake, and Canoe lake. It conducts exploration activities in the United States.