Nickel 28 Capital (STU:3JC) ROCE % : 5.40% (As of Jul. 2024)

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What is Nickel 28 Capital 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. Nickel 28 Capital's annualized ROCE % for the quarter that ended in Jul. 2024 was 5.40%.

Nickel 28 Capital ROCE % Historical Data

The historical data trend for Nickel 28 Capital'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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Nickel 28 Capital ROCE % Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Jan24

ROCE %

4.54

12.31

10.84

-0.54

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
ROCE %	Get a 7-Day Free Trial														3.94	5.10	-14.43	-0.91	5.40

Nickel 28 Capital ROCE % Calculation

Nickel 28 Capital's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	-0.664	/	( ( (143.58 - 20.1)	+	(130.115 - 8.727) )	/ 2 )
	=	-0.664	/	( (123.48	+	121.388)	/ 2 )
	=	-0.664	/	122.434
	=	-0.54 %

Nickel 28 Capital's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Apr. 2024 )		(Q: Jul. 2024 )
	=	6.624	/	( ( (132.313 - 9.211)	+	(130.836 - 8.564) )	/ 2 )
	=	6.624	/	( ( 123.102	+	122.272 )	/ 2 )
	=	6.624	/	122.687
	=	5.40 %

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

Nickel 28 Capital (STU:3JC) 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 28 Capital ROCE % Related Terms

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Nickel 28 Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (STU:3JC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CONXF:USA NKL:Canada

Address

666 Burrard Street, Suite 1700, Toronto, ON, CAN, V6C 2X8

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, It manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.

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