ZEB Nickel (ZEB Nickel) ROCE % : -15.47% (As of Sep. 2023)

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What is ZEB Nickel 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. ZEB Nickel's annualized ROCE % for the quarter that ended in Sep. 2023 was -15.47%.

ZEB Nickel ROCE % Historical Data

The historical data trend for ZEB Nickel'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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ZEB Nickel ROCE % Chart

ZEB Nickel Annual Data

Trend

Dec21

Dec22

ROCE %

-15.28

-13.87

ZEB Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial					-30.54	-9.66	-13.64	-37.13	-15.47

ZEB Nickel ROCE % Calculation

ZEB Nickel's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.595	/	( ( (5.291 - 0.395)	+	(4.455 - 0.769) )	/ 2 )
	=	-0.595	/	( (4.896	+	3.686)	/ 2 )
	=	-0.595	/	4.291
	=	-13.87 %

ZEB Nickel's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.528	/	( ( (4.247 - 0.715)	+	(4.504 - 1.208) )	/ 2 )
	=	-0.528	/	( ( 3.532	+	3.296 )	/ 2 )
	=	-0.528	/	3.414
	=	-15.47 %

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

ZEB Nickel (OTCPK:ZBNIF) 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.

ZEB Nickel ROCE % Related Terms

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ZEB Nickel (ZEB Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ZEB Nickel Corp (OTCPK:ZBNIF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZBNI:Canada

Address

4 King Street West, Suite 401, Toronto, ON, CAN, M5H 1B6

Website

ZEB Nickel Corp is a mineral exploration company. It controls the rights to the Zebediela Nickel Project located in the Limpopo Province in the Republic of South Africa.

ZEB Nickel (ZEB Nickel) Headlines

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