NCKAF (Nickel Asia) ROCE %: 6.63% (As of Mar. 2026)


NCKAF Nickel Asia Corp NCKAF
90 GF Score
Price $0.10
GF Value $0.06
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nickel Asia ROCE %?

Nickel Asia NCKAF 90 ROCE % is 6.63% as of Mar. 2026. GuruFocus rates NCKAF with a GF Score™ of 90/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs 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. Nickel Asia's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.63%.

Nickel Asia  (OTCPK:NCKAF) 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.

Nickel Asia ROCE % Related Terms

Nickel Asia ROCE % Historical Data

* Premium members only.

The historical data trend for Nickel Asia'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.

Nickel Asia ROCE % Chart

Nickel Asia 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 36.47 34.39 18.16 10.34 23.41

Nickel Asia 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 9.89 25.45 44.63 17.26 6.63
NCKAF
90GF Score
Nickel Asia Corp NCKAF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nickel Asia ROCE % Calculation

Nickel Asia'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 )
=206.855/( ( (1007.407 - 208.378) + (1146.583 - 178.065) )/ 2 )
=206.855/( (799.029+968.518)/ 2 )
=206.855/883.7735
=23.41 %

Nickel Asia'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 )
=63.156/( ( (1146.583 - 178.065) + (1072.798 - 135.26) )/ 2 )
=63.156/( ( 968.518 + 937.538 )/ 2 )
=63.156/953.028
=6.63 %

(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 6.63% mean?
Nickel Asia (NCKAF) has a ROCE % of 6.63% as of Mar. 2026.
Is Nickel Asia's ROCE % too high?
Nickel Asia's current ROCE % is 6.63%. Overall, Nickel Asia has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's ROCE % compare to competitors?
Nickel Asia's ROCE % of 6.63% 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. Nickel Asia's current ROCE % is 6.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current ROCE % is 6.63%. Nickel Asia's overall GF Score™ is 90/100 with 3 warning signs to review. 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 Nickel Asia (NCKAF), the current ROCE % is 6.63% 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.

Is Nickel Asia (NCKAF) Overvalued in 2026?

Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued. The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06. GuruFocus considers Nickel Asia to be Significantly Overvalued.

Key valuation signals for NCKAF:

  • ROCE %: 6.63%
  • GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
  • GF Score™: 90/100 with 3 warning signs

No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nickel Asia Business Description

Other Exchanges NIKL:Philippines
Address 32nd Street, Bonifacio Global City, 28th Floor, NAC Tower, Taguig, PHL, 1634
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
90GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.10
Price
$0.06
GF Value