Infield Minerals (TSXV:INFD) ROCE % : -10.82% (As of Sep. 2024)

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What is Infield Minerals 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. Infield Minerals's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.82%.

Infield Minerals ROCE % Historical Data

The historical data trend for Infield Minerals'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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Infield Minerals ROCE % Chart

Infield Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-7.32

-38.56

-20.30

-14.46

Infield Minerals Quarterly Data
	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													-12.18	-24.20	-19.98	-2.00	-10.82

Infield Minerals ROCE % Calculation

Infield Minerals'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 )
	=	-0.282	/	( ( (2.124 - 0.049)	+	(1.943 - 0.117) )	/ 2 )
	=	-0.282	/	( (2.075	+	1.826)	/ 2 )
	=	-0.282	/	1.9505
	=	-14.46 %

Infield Minerals's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.2	/	( ( (2.036 - 0.171)	+	(2.007 - 0.176) )	/ 2 )
	=	-0.2	/	( ( 1.865	+	1.831 )	/ 2 )
	=	-0.2	/	1.848
	=	-10.82 %

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

Infield Minerals (TSXV:INFD) 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.

Infield Minerals ROCE % Related Terms

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Infield Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infield Minerals Corp (TSXV:INFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 Granville Street, Suite 1600, PO Box 10068 Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.infieldminerals.com

Infield Minerals Corp is principally engaged in the acquisition, exploration, and evaluation of mineral resources, currently focusing on projects in Nevada, USA.

Executives

Scott Edwin Ackerman	Director
Evandra Kiyoko Nakano	10% Security Holder, Director, Senior Officer

Infield Minerals Headlines

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