GDMIF (Green Mining Innovation) ROCE %: -32.65% (As of Sep. 2024)


What is Green Mining Innovation ROCE %?

Green Mining Innovation GDMIF -99.86% ROCE % is -32.65% as of Sep. 2024.

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. Green Mining Innovation's annualized ROCE % for the quarter that ended in Sep. 2024 was -32.65%.

Green Mining Innovation  (OTCPK:GDMIF) 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.

Green Mining Innovation ROCE % Related Terms

Green Mining Innovation ROCE % Historical Data

* Premium members only.

The historical data trend for Green Mining Innovation'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.

Green Mining Innovation ROCE % Chart

Green Mining Innovation Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.70 -213.70 -22.86 -401.57 -88.46

Green Mining Innovation 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 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 -131.86 -69.16 -20.56 -34.35 -32.65

Green Mining Innovation ROCE % Calculation

Green Mining Innovation'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 )
=-0.391/( ( (0.138 - 0.499) + (1.582 - 0.337) )/ 2 )
=-0.391/( (-0.361+1.245)/ 2 )
=-0.391/0.442
=-88.46 %

Green Mining Innovation'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 )
=-0.336/( ( (1.415 - 0.347) + (1.347 - 0.357) )/ 2 )
=-0.336/( ( 1.068 + 0.99 )/ 2 )
=-0.336/1.029
=-32.65 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -32.65% mean?
Green Mining Innovation (GDMIF) has a ROCE % of -32.65% as of Sep. 2024.
Is Green Mining Innovation's ROCE % too high?
Green Mining Innovation's current ROCE % is -32.65%.
How does Green Mining Innovation's ROCE % compare to competitors?
Green Mining Innovation's ROCE % of -32.65% 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. Green Mining Innovation's current ROCE % is -32.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Mining Innovation stock overvalued right now?
Green Mining Innovation (GDMIF) has a current ROCE % of -32.65%. The current ROCE % is -32.65%. 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 Green Mining Innovation (GDMIF), the current ROCE % is -32.65% as of Sep. 2024. 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.

Green Mining Innovation Business Description

Address 808, Sir Adolph Routhier, Montreal, QC, CAN, G1S 3P3
Green Mining Innovation Inc is a mining exploration company dedicated to mineral exploration in Canada with a genuine concern for environmental protection. It focuses mainly on developing deposits that contain gold and technology metals in mining jurisdictions in Canada. The company holds an interest in five exploration properties which include Anctil, Nemenjiche, Fortune, and Panache North properties located in the province of Quebec, and the Prince property located in the province of Newfoundland.