First Nickel (FRA:MYQ) ROC %: -481.54% (As of Jun. 2015)

What is First Nickel ROC %?

First Nickel FRA:MYQ ROC % is -481.54% as of Jun. 2015. The stock has 4 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. First Nickel's annualized return on capital (ROC %) for the quarter that ended in Jun. 2015 was -481.54%.

As of today (2026-06-27), First Nickel's WACC % is 0.00%. First Nickel's ROC % is -156.45% (calculated using TTM income statement data). First Nickel earns returns that do not match up to its cost of capital. It will destroy value as it grows.

First Nickel (FRA:MYQ) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, First Nickel's WACC % is 0.00%. First Nickel's ROC % is -156.45% (calculated using TTM income statement data). First Nickel earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

First Nickel ROC % Related Terms

First Nickel ROC % Historical Data

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The historical data trend for First Nickel's ROC % 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.

First Nickel ROC % Chart

First Nickel Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROC %

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-15.22

-6.03

-32.15

-48.97

-19.46

First Nickel Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
ROC %	Get a 7-Day Free Trial															-4.65	-7.34	-24.02	-50.53	-481.54

First Nickel ROC % Calculation

First Nickel's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2014 is calculated as:

	ROC % (A: Dec. 2014 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2013 )	+	Invested Capital (A: Dec. 2014 ))	/ count )
=	-9.552 * ( 1 - 0% )	/	( (37.581	+	60.574)	/ 2 )
=	-9.552	/	49.0775
=	-19.46 %

where

	Invested Capital		(A: Dec. 2013 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	46.951	-	6.987	-	( 2.483	-	max(0, 8.272	-	10.655	+	2.483	))
=	37.581

	Invested Capital		(A: Dec. 2014 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	41.142	-	7.12	-	( 4.143	-	max(0, 39.11	-	12.558	+	4.143	))
=	60.574

First Nickel's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2015 is calculated as:

	ROC % (Q: Jun. 2015 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2015 )	+	Invested Capital (Q: Jun. 2015 ))	/ count )
=	-85.628 * ( 1 - 0% )	/	( (29.851	+	5.713)	/ 2 )
=	-85.628	/	17.782
=	-481.54 %

where

	Invested Capital		(Q: Mar. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	35.944	-	5.747	-	( 2.257	-	max(0, 7.515	-	7.861	+	2.257	))
=	29.851

	Invested Capital		(Q: Jun. 2015 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	11.58	-	5.716	-	( 1.842	-	max(0, 6.767	-	6.918	+	1.842	))
=	5.713

Note: The Operating Income data used here is four times the quarterly (Jun. 2015) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -481.54% mean?

First Nickel (FRA:MYQ) has a ROC % of -481.54% as of Jun. 2015. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Nickel and its competitors.

Is First Nickel's ROC % too high?

First Nickel's current ROC % is -481.54%.

How does First Nickel's ROC % compare to competitors?

First Nickel's ROC % of -481.54% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Metals & Mining company?

A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on First Nickel and its competitors. First Nickel's current ROC % is -481.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Nickel stock overvalued right now?

First Nickel (FRA:MYQ) has a current ROC % of -481.54%. The current ROC % is -481.54%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For First Nickel (FRA:MYQ), the current ROC % is -481.54% as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Nickel Business Description

Industry Basic Materials Metals & Mining

Comparable Companies FRA:4CX1 FRA:NB71 FRA:3LQ FRA:C4A1 FRA:OGPN FRA:GSR FRA:M85 FRA:DXZA FRA:6GO1 FRA:DG7N FRA:MRD FRA:F9IQ FRA:37N2 FRA:X9T FRA:85G1 FRA:M4KP FRA:2CO1 FRA:QSGB FRA:4LPP FRA:F7E1

Address 120 Front Street East, Suite 206, Toronto, ON, CAN, M5A 4L9

Website http://www.firstnickel.com

First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America.