iMetal Resources (TSXV:IMR) ROCE % : -97.27% (As of Feb. 2024)

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What is iMetal Resources 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. iMetal Resources's annualized ROCE % for the quarter that ended in Feb. 2024 was -97.27%.

iMetal Resources ROCE % Historical Data

The historical data trend for iMetal Resources'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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iMetal Resources ROCE % Chart

iMetal Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

ROCE %

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-44.31

-24.62

-58.30

-32.90

-32.42

iMetal Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-53.05	-61.53	-15.80	-23.53	-97.27

iMetal Resources ROCE % Calculation

iMetal Resources's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-2.145	/	( ( (6.459 - 0.245)	+	(7.422 - 0.403) )	/ 2 )
	=	-2.145	/	( (6.214	+	7.019)	/ 2 )
	=	-2.145	/	6.6165
	=	-32.42 %

iMetal Resources's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-5.668	/	( ( (6.734 - 0.362)	+	(5.758 - 0.476) )	/ 2 )
	=	-5.668	/	( ( 6.372	+	5.282 )	/ 2 )
	=	-5.668	/	5.827
	=	-97.27 %

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

iMetal Resources (TSXV:IMR) 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.

iMetal Resources ROCE % Related Terms

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iMetal Resources (TSXV:IMR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » iMetal Resources Inc (TSXV:IMR) » Definitions » ROCE %

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IMRFF:USA A7V:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.imetalresources.ca

iMetal Resources Inc is a Canadian exploration-stage company. It is principally engaged in the exploration and development of mineral properties in Ontario and Quebec, Canada. It has one reportable segment being the acquisition and exploration of resource properties. The company owns an interest in Gowganda West Property, Mosher Lake and The Carheil Property.

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