GIGGF (Giga Metals) ROCE %: -4.93% (As of Mar. 2026)


What is Giga Metals ROCE %?

Giga Metals GIGGF -9.34% ROCE % is -4.93% as of Mar. 2026. The stock has 1 warning sign investors should review.

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. Giga Metals's annualized ROCE % for the quarter that ended in Mar. 2026 was -4.93%.

Giga Metals  (OTCPK:GIGGF) 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.

Giga Metals ROCE % Related Terms

Giga Metals ROCE % Historical Data

* Premium members only.

The historical data trend for Giga Metals'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.

Giga Metals ROCE % Chart

Giga Metals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.13 -14.22 -8.60 -6.90 -6.64

Giga Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -7.83 -5.55 -6.69 -6.72 -4.93

Giga Metals ROCE % Calculation

Giga Metals's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-1.09/( ( (15.909 - 0.147) + (17.487 - 0.435) )/ 2 )
=-1.09/( (15.762+17.052)/ 2 )
=-1.09/16.407
=-6.64 %

Giga Metals's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-0.852/( ( (17.487 - 0.435) + (18.021 - 0.54) )/ 2 )
=-0.852/( ( 17.052 + 17.481 )/ 2 )
=-0.852/17.2665
=-4.93 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 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 -4.93% mean?
Giga Metals (GIGGF) has a ROCE % of -4.93% as of Mar. 2026.
Is Giga Metals' ROCE % too high?
Giga Metals' current ROCE % is -4.93%.
How does Giga Metals' ROCE % compare to competitors?
Giga Metals' ROCE % of -4.93% 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. Giga Metals's current ROCE % is -4.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giga Metals stock overvalued right now?
Giga Metals (GIGGF) has a current ROCE % of -4.93%. The current ROCE % is -4.93%. 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 Giga Metals (GIGGF), the current ROCE % is -4.93% as of Mar. 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.

Giga Metals Business Description

Address 700 West Pender Street, Suite 604, Vancouver, BC, CAN, V6C 1G8
Giga Metals Corp is engaged in the acquisition and exploration of mineral properties in Canada. Its primary asset is the Turnagain Project in northern British Columbia, which contains an undeveloped sulphide nickel and cobalt resource. The project is held through Hard Creek Nickel, a subsidiary owned jointly by Giga Metals Corporation and Mitsubishi Corporation. The Turnagain ultramafic complex is also prospective for copper, platinum, and palladium mineralization in the Attic Zone, an area adjacent to the known nickel resource.