Ionik (TSXV:INIK) ROCE % : 3.24% (As of Sep. 2024)

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What is Ionik 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. Ionik's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.24%.

Ionik ROCE % Historical Data

The historical data trend for Ionik'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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Ionik ROCE % Chart

Ionik Annual Data

Trend

Dec19

Dec20

Dec21

Sep22

Dec23

ROCE %

-57.31

12.90

-4.91

-46.56

Ionik Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.07	-181.78	-3.00	19.40	3.24

Ionik ROCE % Calculation

Ionik'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: Sep. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Sep. 2022 )		(A: Dec. 2023 )
	=	-63.789	/	( ( (200.481 - 39.311)	+	(187.094 - 74.233) )	/ 2 )
	=	-63.789	/	( (161.17	+	112.861)	/ 2 )
	=	-63.789	/	137.0155
	=	-46.56 %

Ionik'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 )
	=	4.428	/	( ( (172.802 - 66.842)	+	(277.803 - 110.409) )	/ 2 )
	=	4.428	/	( ( 105.96	+	167.394 )	/ 2 )
	=	4.428	/	136.677
	=	3.24 %

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

Ionik (TSXV:INIK) 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.

Ionik ROCE % Related Terms

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Ionik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ionik Corp (TSXV:INIK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INIKF:USA

Address

1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1

Website

https://www.ionikgroup.com

Ionik Corp is a data-driven performance marketing technology company focused on assembling the effective and complete suite of advertising, marketing, and monetization solutions for brands, advertisers, and publishers while building an extensive proprietary repository of opted-in first-party data.

Executives

Lois Lorrayne Norris	Senior Officer
Jeffrey David Collins	Senior Officer
Jonathan Paul Walsh	Director
Robert Shaner	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher Locke	Director
Edward William Hastings	Director, Senior Officer
Kevin Ferrell	Senior Officer
Jurgen Cautreels	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
James Mansfield	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Fitzgerald	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher James Schnarr	Director, Senior Officer
Ronald Thomas Patterson	Director
Michael James Haines	Director or Senior Officer of 10% Security Holder

Ionik Headlines

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