First Atlantic Nickel (TSXV:FAN) ROCE % : -77.91% (As of Oct. 2023)

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What is First Atlantic Nickel 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. First Atlantic Nickel's annualized ROCE % for the quarter that ended in Oct. 2023 was -77.91%.

First Atlantic Nickel ROCE % Historical Data

The historical data trend for First Atlantic Nickel'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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First Atlantic Nickel ROCE % Chart

First Atlantic Nickel Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

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-85.67

-19.79

-174.11

First Atlantic Nickel Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															-38.42	-554.78	-35.41	-31.76	-77.91

First Atlantic Nickel ROCE % Calculation

First Atlantic Nickel's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-2.421	/	( ( (2.368 - 0.424)	+	(1.451 - 0.614) )	/ 2 )
	=	-2.421	/	( (1.944	+	0.837)	/ 2 )
	=	-2.421	/	1.3905
	=	-174.11 %

First Atlantic Nickel's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-1.432	/	( ( (2.183 - 0.466)	+	(2.653 - 0.694) )	/ 2 )
	=	-1.432	/	( ( 1.717	+	1.959 )	/ 2 )
	=	-1.432	/	1.838
	=	-77.91 %

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

First Atlantic Nickel (TSXV:FAN) 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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First Atlantic Nickel (TSXV:FAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Atlantic Nickel Corp (TSXV:FAN) » Definitions » ROCE %

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ACPRF:USA P210:Germany

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.arcpacific.ca

Avante Mining Corp, formerly ArcPacific Resources Corp is a Canadian-based exploration company expanding its exploration initiative on multiple projects which include past-producing gold and silver-gold-copper mines in the Timmins gold camp, in Ontario, and in the Nicola mining division in Southern British Columbia. The company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. ArcPacific owns a stake in the LMSL Copper Gold & Silver Project in British Columbia, Canada, which is known for its copper and gold deposits. The company also has exploratory properties in Canada, including the Blackdome gold project, which has revealed continuous gold mineralization.