International Iconic Gold Exploration (International Iconic Gold Exploration) ROCE % : 797.02% (As of Sep. 2023)

View and export this data going back to 2006. Start your Free Trial

What is International Iconic Gold Exploration 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. International Iconic Gold Exploration's annualized ROCE % for the quarter that ended in Sep. 2023 was 797.02%.

International Iconic Gold Exploration ROCE % Historical Data

The historical data trend for International Iconic Gold Exploration'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.

* Premium members only.

International Iconic Gold Exploration ROCE % Chart

International Iconic Gold Exploration Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-51.86

-50.02

-22.97

-88.89

-91.92

International Iconic Gold Exploration Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-114.91	-132.33	-158.42	-367.32	797.02

International Iconic Gold Exploration ROCE % Calculation

International Iconic Gold Exploration's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.819	/	( ( (3.633 - 2.243)	+	(3.264 - 2.872) )	/ 2 )
	=	-0.819	/	( (1.39	+	0.392)	/ 2 )
	=	-0.819	/	0.891
	=	-91.92 %

International Iconic Gold Exploration's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	23.504	/	( ( (3.312 - 3.269)	+	(9.215 - 3.36) )	/ 2 )
	=	23.504	/	( ( 0.043	+	5.855 )	/ 2 )
	=	23.504	/	2.949
	=	797.02 %

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

International Iconic Gold Exploration (OTCPK:MFMLF) 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.

International Iconic Gold Exploration ROCE % Related Terms

Thank you for viewing the detailed overview of International Iconic Gold Exploration's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

International Iconic Gold Exploration (International Iconic Gold Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Iconic Gold Exploration Corp (OTCPK:MFMLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ICON:Canada

Address

700 West Georgia Street, Suite 3020, Vancouver, BC, CAN, V7Y 1K8

Website

https://iconicgold.com

International Iconic Gold Exploration Corp is a resource company. It is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Argentina. The company's project includes the San Roque gold property.