Canickel Mining (STU:CMID) ROCE % : 0.00% (As of Mar. 2024)

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

Canickel Mining ROCE % Historical Data

The historical data trend for Canickel 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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Canickel Mining ROCE % Chart

Canickel Mining Annual Data

Trend

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Dec23

ROCE %

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Canickel Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Canickel Mining ROCE % Calculation

Canickel 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 )
	=	2.364	/	( ( (5.62 - 67.766)	+	(4.786 - 71.416) )	/ 2 )
	=	2.364	/	( (-62.146	+	-66.63)	/ 2 )
	=	2.364	/	-64.388
	=	-3.67 %

Canickel Mining's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-8.492	/	( ( (4.786 - 71.416)	+	(4.492 - 74.871) )	/ 2 )
	=	-8.492	/	( ( -66.63	+	-70.379 )	/ 2 )
	=	-8.492	/	-68.5045
	=	0 %

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

Canickel Mining (STU:CMID) 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.

Canickel Mining ROCE % Related Terms

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Canickel Mining (STU:CMID) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canickel Mining Ltd (STU:CMID) » Definitions » ROCE %

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CML:Canada

Address

999 West Hastings Street, Suite 1655, P.O.Box 35, Vancouver, BC, CAN, V6C 2W2

Website

https://www.canickel.com

Canickel Mining Ltd is a mining company focused on nickel mining and related activities, including exploration and the extraction and processing of nickel-containing ore. All assets of the Company are in Canada. It is also operating running the care and maintenance program at Bucko Lake Mine to safeguard assets and carry out exploration activities. It has a single segment and is focused on nickel mining including exploration and extraction and processing of nickel-containing ore.

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