CONXF (Nickel 28 Capital) ROCE %: -4.09% (As of Jan. 2026)


CONXF Nickel 28 Capital Corp CONXF
36 GF Score
Price $0.77
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What is Nickel 28 Capital ROCE %?

Nickel 28 Capital CONXF 36 ROCE % is -4.09% as of Jan. 2026. GuruFocus rates CONXF with a GF Score™ of 36/100.

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. Nickel 28 Capital's annualized ROCE % for the quarter that ended in Jan. 2026 was -4.09%.

Nickel 28 Capital  (OTCPK:CONXF) 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.

Nickel 28 Capital ROCE % Related Terms

Nickel 28 Capital ROCE % Historical Data

* Premium members only.

The historical data trend for Nickel 28 Capital'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.

Nickel 28 Capital ROCE % Chart

Nickel 28 Capital Annual Data
Trend Dec19 Dec20 Jan22 Jan23 Jan24 Jan25 Jan26
ROCE %
Get a 7-Day Free Trial 11.86 10.57 -0.55 0.88 0.35

Nickel 28 Capital Quarterly Data
Mar21 Jun21 Sep21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.97 -2.35 2.78 4.91 -4.09
CONXF
36GF Score
Nickel 28 Capital Corp CONXF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nickel 28 Capital ROCE % Calculation

Nickel 28 Capital's annualized ROCE % for the fiscal year that ended in Jan. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=0.422/( ( (130.944 - 5.672) + (123.956 - 10.279) )/ 2 )
=0.422/( (125.272+113.677)/ 2 )
=0.422/119.4745
=0.35 %

Nickel 28 Capital's ROCE % of for the quarter that ended in Jan. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jan. 2026 )  (Q: Oct. 2025 )(Q: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jan. 2026 )  (Q: Oct. 2025 )(Q: Jan. 2026 )
=-4.8/( ( (128.991 - 8.045) + (123.956 - 10.279) )/ 2 )
=-4.8/( ( 120.946 + 113.677 )/ 2 )
=-4.8/117.3115
=-4.09 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2026) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -4.09% mean?
Nickel 28 Capital (CONXF) has a ROCE % of -4.09% as of Jan. 2026.
Is Nickel 28 Capital's ROCE % too high?
Nickel 28 Capital's current ROCE % is -4.09%. Overall, Nickel 28 Capital has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's ROCE % compare to competitors?
Nickel 28 Capital's ROCE % of -4.09% 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 ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Nickel 28 Capital's current ROCE % is -4.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current ROCE % of -4.09%. The current ROCE % is -4.09%. Nickel 28 Capital's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nickel 28 Capital (CONXF), the current ROCE % is -4.09% as of Jan. 2026. 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.

Nickel 28 Capital Business Description

Other Exchanges 3JC:GermanyNKL:Canada
Address 666 Burrard Street, Suite 2700, Toronto, ON, CAN, V6C 2X8
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
36GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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