Intrepid Potash (FRA:58I1) ROCE % : -25.56% (As of Dec. 2023)

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What is Intrepid Potash 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. Intrepid Potash's annualized ROCE % for the quarter that ended in Dec. 2023 was -25.56%.

Intrepid Potash ROCE % Historical Data

The historical data trend for Intrepid Potash'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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Intrepid Potash ROCE % Chart

Intrepid Potash Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.38

-4.94

7.28

13.79

-5.99

Intrepid Potash Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.09	3.26	3.25	-4.93	-25.56

Intrepid Potash ROCE % Calculation

Intrepid Potash'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 )
	=	-40.888	/	( ( (749.728 - 46.139)	+	(704.691 - 42.611) )	/ 2 )
	=	-40.888	/	( (703.589	+	662.08)	/ 2 )
	=	-40.888	/	682.8345
	=	-5.99 %

Intrepid Potash'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 )
	=	-174.972	/	( ( (742.845 - 35.791)	+	(704.691 - 42.611) )	/ 2 )
	=	-174.972	/	( ( 707.054	+	662.08 )	/ 2 )
	=	-174.972	/	684.567
	=	-25.56 %

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

Intrepid Potash (FRA:58I1) 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.

Intrepid Potash ROCE % Related Terms

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Intrepid Potash (FRA:58I1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Intrepid Potash Inc (FRA:58I1) » Definitions » ROCE %

Comparable Companies

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IPI:USA

Address

707 17th Street, Suite 4200, Denver, CO, USA, 80202

Website

https://www.intrepidpotash.com

Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities.

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