IMII (Inception Mining) ROCE % : 0.00% (As of Sep. 2024)

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What is Inception 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. Inception Mining's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Inception Mining ROCE % Historical Data

The historical data trend for Inception 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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Inception Mining ROCE % Chart

Inception Mining Annual Data

Trend

Jul14

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Dec23

ROCE %

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Inception 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															-201.82	-	-	-	-

Inception Mining ROCE % Calculation

Inception 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 )
	=	6.3	/	( ( (1.153 - 29.068)	+	(0.023 - 1.576) )	/ 2 )
	=	6.3	/	( (-27.915	+	-1.553)	/ 2 )
	=	6.3	/	-14.734
	=	-42.76 %

Inception 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 )
	=	-1.048	/	( ( (0.006 - 3.187)	+	(0.003 - 3.439) )	/ 2 )
	=	-1.048	/	( ( -3.181	+	-3.436 )	/ 2 )
	=	-1.048	/	-3.3085
	=	0 %

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

Inception Mining (OTCPK:IMII) 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.

Inception Mining ROCE % Related Terms

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Inception Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inception Mining Inc (OTCPK:IMII) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

5530 South 900 East, Suite 280, Murray, UT, USA, 84117

Website

https://www.inceptionmining.com

Inception Mining Inc is a mining company. It operate as a consultant and advisor to the mining industry. It operates the Clavo Rico mine in Honduras through its wholly-owned subsidiary, Compañía Minera Cerros del Sur, S.A de C.V. ("CMCS") and other mining concessions.

Executives

Whitney O Cluff	director, officer: Chief Financial Officer	6550 SOUTH MILLROCK DRIVE, SUITE 200, SALT LAKE CITY UT 84121
Trent D'ambrosio	director, 10 percent owner	5320 SOUTH 900 EAST, #260, MURRAY UT 84107
Reed L Benson	director	7050 UNION PARK CENTER, #600, SALT LAKE CITY UT 84047
Jason Briggs	10 percent owner	4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
Kay W Briggs	director	978 EAGLE WAY, NORTH SALT LAKE UT 84054
Michael Ahlin	director, officer: CEO	4770 ICHABOD DRIVE, HOLLADAY UT 84117
Brian T. Brewer	director, officer: COO	P.O. BOX 305, SALMON ID 83467