Flying Nickel Mining (Flying Nickel Mining) ROCE % : -5.33% (As of Dec. 2023)

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What is Flying Nickel 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. Flying Nickel Mining's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.33%.

Flying Nickel Mining ROCE % Historical Data

The historical data trend for Flying Nickel 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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Flying Nickel Mining ROCE % Chart

Flying Nickel Mining Annual Data

Trend

ROCE %

Flying Nickel Mining Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-23.43	-3.34	-10.27	-3.67	-5.33

Flying Nickel Mining ROCE % Calculation

Flying Nickel Mining's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Flying Nickel Mining's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.908	/	( ( (17.073 - 0.115)	+	(17.235 - 0.132) )	/ 2 )
	=	-0.908	/	( ( 16.958	+	17.103 )	/ 2 )
	=	-0.908	/	17.0305
	=	-5.33 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Flying Nickel Mining (OTCPK:FLYNF) 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.

Flying Nickel Mining ROCE % Related Terms

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Flying Nickel Mining (Flying Nickel Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flying Nickel Mining Corp (OTCPK:FLYNF) » Definitions » ROCE %

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FLYN:Canada

Address

409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2

Website

https://www.flynickel.com

Flying Nickel Mining Corp is a premier nickel sulphide mining and exploration company. It holds interests in the Minago Project located in Manitoba's Thompson Nickel Belt in Canada.

Flying Nickel Mining (Flying Nickel Mining) Headlines

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