Iconic Minerals (Iconic Minerals) ROCE % : -53.16% (As of Nov. 2023)

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What is Iconic Minerals 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. Iconic Minerals's annualized ROCE % for the quarter that ended in Nov. 2023 was -53.16%.

Iconic Minerals ROCE % Historical Data

The historical data trend for Iconic Minerals'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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Iconic Minerals ROCE % Chart

Iconic Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-97.24

39.04

-33.09

-25.92

571.90

Iconic Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-102.09	-27.26	-136.99	2,712.60	-53.16

Iconic Minerals ROCE % Calculation

Iconic Minerals's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	13.068	/	( ( (6.976 - 4.558)	+	(3.164 - 1.012) )	/ 2 )
	=	13.068	/	( (2.418	+	2.152)	/ 2 )
	=	13.068	/	2.285
	=	571.90 %

Iconic Minerals's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-1.072	/	( ( (3.164 - 1.012)	+	(2.805 - 0.924) )	/ 2 )
	=	-1.072	/	( ( 2.152	+	1.881 )	/ 2 )
	=	-1.072	/	2.0165
	=	-53.16 %

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

Iconic Minerals (OTCPK:ICMFF) 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.

Iconic Minerals ROCE % Related Terms

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Iconic Minerals (Iconic Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iconic Minerals Ltd (OTCPK:ICMFF) » Definitions » ROCE %

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Traded in Other Exchanges

YQG:Germany ICM:Canada

Address

303 - 595 Howe Street, P.O. Box 4, Vancouver, BC, CAN, V6C 2T5

Website

https://www.iconicminerals.com

Iconic Minerals Ltd is a mineral exploration company. It mainly focuses on acquiring and exploring gold and lithium properties in Nevada. The exploration assets of the company include New Pass property located in Churchill County; Midas South property located in Elko County; Bonnie Claire Lithium Project located in Nye County; Smith Creek Lithium Project and others.

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