InZinc Mining (FRA:32L) ROCE % : -71.63% (As of Sep. 2024)

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What is InZinc 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. InZinc Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was -71.63%.

InZinc Mining ROCE % Historical Data

The historical data trend for InZinc 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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InZinc Mining ROCE % Chart

InZinc Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-33.27

-14.39

-27.53

-47.87

-14.57

InZinc Mining Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-105.97	11.63	-13.12	-27.41	-71.63

InZinc Mining ROCE % Calculation

InZinc Mining's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-0.314	/	( ( (2.239 - 0.056)	+	(2.159 - 0.033) )	/ 2 )
	=	-0.314	/	( (2.183	+	2.126)	/ 2 )
	=	-0.314	/	2.1545
	=	-14.57 %

InZinc 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.284	/	( ( (1.955 - 0.06)	+	(1.753 - 0.063) )	/ 2 )
	=	-1.284	/	( ( 1.895	+	1.69 )	/ 2 )
	=	-1.284	/	1.7925
	=	-71.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

InZinc Mining (FRA:32L) 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.

InZinc Mining ROCE % Related Terms

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InZinc Mining Business Description

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LTHIF:USA IZN:Canada

Address

Station Bentall Centre, P.O. Box 48268, Vancouver, BC, CAN, V7X 1A2

Website

https://www.inzincmining.com

InZinc Mining Ltd is engaged in the acquisition, exploration, and development of mineral exploration and evaluation of direct and equity interest in multiple North American base metals projects. The road-accessible Indy project (100% interest), located in central British Columbia, comprises discoveries of near-surface mineralization and large untested base and precious metal exploration targets along a 29 km long trend with potential for the discovery of a new regional scale mineralized belt.

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