Infinity Mining (ASX:IMI) ROCE % : -119.21% (As of Sep. 2024)

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What is Infinity Mining 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. Infinity Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -119.21%.

Infinity Mining ROCE % Historical Data

The historical data trend for Infinity Mining'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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Infinity Mining ROCE % Chart

Infinity Mining Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-11.81

-12.89

-71.66

Infinity Mining Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-18.71	-6.91	-23.76	-119.87	-119.21

Infinity Mining ROCE % Calculation

Infinity Mining's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-8.682	/	( ( (16.411 - 0.372)	+	(8.474 - 0.282) )	/ 2 )
	=	-8.682	/	( (16.039	+	8.192)	/ 2 )
	=	-8.682	/	12.1155
	=	-71.66 %

Infinity Mining's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-7.754	/	( ( (8.474 - 0.282)	+	(5.103 - 0.286) )	/ 2 )
	=	-7.754	/	( ( 8.192	+	4.817 )	/ 2 )
	=	-7.754	/	6.5045
	=	-119.21 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Infinity Mining (ASX:IMI) 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.

Infinity Mining ROCE % Related Terms

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Infinity Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinity Mining Ltd (ASX:IMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40-52 McDougall Street, Suite 1G, Level 1, Corporate House, Kings Row Office Park, Milton, QLD, AUS, 4064

Website

https://www.infinitymining.com.au

Infinity Mining Ltd is a mineral mining and exploration company. The company holds the Pilbara Projects in the Pilbara region of Western Australia comprising an extensive portfolio of gold, copper, zinc, and lithium exploration tenements.