NCPCF (Nickel Creek Platinum) ROC % : -656.18% (As of Mar. 2025)

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What is Nickel Creek Platinum ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Nickel Creek Platinum's annualized return on capital (ROC %) for the quarter that ended in Mar. 2025 was -656.18%.

As of today (2025-07-24), Nickel Creek Platinum's WACC % is 12.36%. Nickel Creek Platinum's ROC % is -6.50% (calculated using TTM income statement data). Nickel Creek Platinum earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Nickel Creek Platinum ROC % Historical Data

The historical data trend for Nickel Creek Platinum'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.

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Nickel Creek Platinum ROC % Chart

Nickel Creek Platinum Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROC %

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-8.94

-8.28

-13.87

-1,333.84

-883.53

Nickel Creek Platinum Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
ROC %	Get a 7-Day Free Trial															-11.35	-4.02	-3.02	-11.54	-656.18

Nickel Creek Platinum ROC % Calculation

Nickel Creek Platinum's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

	ROC % (A: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2023 )	+	Invested Capital (A: Dec. 2024 ))	/ count )
=	-1.1 * ( 1 - 0% )	/	( (0.154	+	0.095)	/ 2 )
=	-1.1	/	0.1245
=	-883.53 %

where

	Invested Capital		(A: Dec. 2023 )
=	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	))
=	0.543	-	0.208	-	( 0.349	-	max(0, 0.242	-	0.423	+	0.349	))
=	0.154

	Invested Capital		(A: Dec. 2024 )
=	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	))
=	0.438	-	0.154	-	( 0.347	-	max(0, 0.175	-	0.364	+	0.347	))
=	0.095

Nickel Creek Platinum's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2025 is calculated as:

	ROC % (Q: Mar. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Mar. 2025 ))	/ count )
=	-0.584 * ( 1 - 0% )	/	( (0.095	+	0.083)	/ 2 )
=	-0.584	/	0.089
=	-656.18 %

where

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	0.438	-	0.154	-	( 0.347	-	max(0, 0.175	-	0.364	+	0.347	))
=	0.095

	Invested Capital		(Q: Mar. 2025 )
=	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	))
=	0.267	-	0.126	-	( 0.151	-	max(0, 0.143	-	0.201	+	0.151	))
=	0.083

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

Nickel Creek Platinum (OTCPK:NCPCF) 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, Nickel Creek Platinum's WACC % is 12.36%. Nickel Creek Platinum's ROC % is -6.50% (calculated using TTM income statement data). Nickel Creek Platinum 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.

Nickel Creek Platinum ROC % Related Terms

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Nickel Creek Platinum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel Creek Platinum Corp (OTCPK:NCPCF) » Definitions » ROC %

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NCP:Canada

Address

2896 South Sheridan Way, Suite 202, Oakville, ON, CAN, L6J 7T4

Website

https://www.nickelcreekplatinum.com

Nickel Creek Platinum Corp is a Canadian involved in mining exploration, evaluation, and development of platinum group metal and nickel mineral properties. The company is focused on advancing its 100% owned Nickel Shaw project with a view to creating Canada's next world-class nickel sulphide mine. The project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.