Nihao Mineral Resources International (PHS:NI) ROCE % : -1.10% (As of Jun. 2024)

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What is Nihao Mineral Resources International 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. Nihao Mineral Resources International's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.10%.

Nihao Mineral Resources International ROCE % Historical Data

The historical data trend for Nihao Mineral Resources International'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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Nihao Mineral Resources International ROCE % Chart

Nihao Mineral Resources International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.51

-0.47

-0.09

-0.73

-0.94

Nihao Mineral Resources International Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-0.35	-0.42	-1.82	-0.97	-1.10

Nihao Mineral Resources International ROCE % Calculation

Nihao Mineral Resources International'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 )
	=	-4.265	/	( ( (652.662 - 13.756)	+	(285.493 - 13.3) )	/ 2 )
	=	-4.265	/	( (638.906	+	272.193)	/ 2 )
	=	-4.265	/	455.5495
	=	-0.94 %

Nihao Mineral Resources International's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-2.984	/	( ( (284.574 - 12.585)	+	(280.707 - 9.464) )	/ 2 )
	=	-2.984	/	( ( 271.989	+	271.243 )	/ 2 )
	=	-2.984	/	271.616
	=	-1.10 %

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

Nihao Mineral Resources International (PHS:NI) 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.

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Nihao Mineral Resources International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nihao Mineral Resources International Inc (PHS:NI) » Definitions » ROCE %

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Address

1505 Princeton Street Corner, Shaw Boulevard, Barangay Wack-Wack, Greenhills East, Mandaluyong, PHL, 1552

Website

https://www.nihaominerals.com

Nihao Mineral Resources International Inc is a mining company. It is engaged in exploring, developing, acquiring, and operating nickel properties as well as investing in operating mining companies. It aims to create an integrated mining company with expertise in nickel exploration, access to processing technology, and the potential of its projects.