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Nimy Resources (ASX:NIM) ROCE % : 0.00% (As of Dec. 2024)


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What is Nimy Resources 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. Nimy Resources's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Nimy Resources ROCE % Historical Data

The historical data trend for Nimy Resources'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.

* Premium members only.

Nimy Resources ROCE % Chart

Nimy Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24
ROCE %
- -125.79 -342.98 -529.44

Nimy Resources Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % Get a 7-Day Free Trial -219.36 -970.68 -2,903.53 - -

Nimy Resources ROCE % Calculation

Nimy Resources's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2024 )  (A: Jun. 2023 )(A: Jun. 2024 )
=-2.356/( ( (1.071 - 0.327) + (1.008 - 0.862) )/ 2 )
=-2.356/( (0.744+0.146)/ 2 )
=-2.356/0.445
=-529.44 %

Nimy Resources's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=-1.3/( ( (1.008 - 0.862) + (1.011 - 1.7) )/ 2 )
=-1.3/( ( 0.146 + -0.689 )/ 2 )
=-1.3/-0.2715
=0 %

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

* 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.

Nimy Resources  (ASX:NIM) 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.

Nimy Resources ROCE % Related Terms

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Nimy Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nimy Resources Ltd (ASX:NIM) » Definitions » ROCE %
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Traded in Other Exchanges
P4G:Germany
Address
254 Adelaide Terrace, Perth, WA, AUS, 6000
Website
https://www.nimy.com.au
Nimy Resources Ltd is a nickel resources exploration company. Its vision is to responsibly discover and develop an economic Nickel Sulphide project in a Tier 1 jurisdiction, Western Australia.