I-Minerals (FRA:6IM) ROCE % : 0.00% (As of Jan. 2023)

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What is I-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. I-Minerals's annualized ROCE % for the quarter that ended in Jan. 2023 was 0.00%.

I-Minerals ROCE % Historical Data

The historical data trend for I-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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I-Minerals ROCE % Chart

I-Minerals Annual Data

Trend

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Apr22

ROCE %

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I-Minerals Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

I-Minerals ROCE % Calculation

I-Minerals's annualized ROCE % for the fiscal year that ended in Apr. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2022 )		(A: Apr. 2021 )		(A: Apr. 2022 )
	=	-1.158	/	( ( (1.797 - 29.223)	+	(1.86 - 33.503) )	/ 2 )
	=	-1.158	/	( (-27.426	+	-31.643)	/ 2 )
	=	-1.158	/	-29.5345
	=	3.92 %

I-Minerals's ROCE % of for the quarter that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	-0.628	/	( ( (2.074 - 37.583)	+	(1.882 - 34.793) )	/ 2 )
	=	-0.628	/	( ( -35.509	+	-32.911 )	/ 2 )
	=	-0.628	/	-34.21
	=	0 %

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

I-Minerals (FRA:6IM) 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.

I-Minerals ROCE % Related Terms

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I-Minerals (FRA:6IM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » I-Minerals Inc (FRA:6IM) » Definitions » ROCE %

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IMAHF:USA V66:Germany HCM.H:Canada

Address

595 Howe Street, Suite 704, Vancouver, BC, CAN, V6C 2T5

Website

https://www.highcliffmetals.com

Highcliff Metals Corp is engaged in the development of the Helmer-Bovill industrial mineral property located in Latah County, Idaho. The Helmer-Bovill property is comprised of eleven mineral leases that host potentially economic deposits of feldspar, quartz and kaolinitic clays, kaolinite and halloysite.

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