Nio Strategic Metals (TSXV:NIO) ROCE % : -33.01% (As of Mar. 2024)

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What is Nio Strategic Metals 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. Nio Strategic Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -33.01%.

Nio Strategic Metals ROCE % Historical Data

The historical data trend for Nio Strategic Metals'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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Nio Strategic Metals ROCE % Chart

Nio Strategic Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-82.95

-42.82

Nio Strategic Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-41.04	-56.40	-22.69	-51.20	-33.01

Nio Strategic Metals ROCE % Calculation

Nio Strategic Metals'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 )
	=	-0.699	/	( ( (2.251 - 0.287)	+	(1.906 - 0.605) )	/ 2 )
	=	-0.699	/	( (1.964	+	1.301)	/ 2 )
	=	-0.699	/	1.6325
	=	-42.82 %

Nio Strategic Metals'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 )
	=	-0.412	/	( ( (1.906 - 0.605)	+	(1.791 - 0.596) )	/ 2 )
	=	-0.412	/	( ( 1.301	+	1.195 )	/ 2 )
	=	-0.412	/	1.248
	=	-33.01 %

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

Nio Strategic Metals (TSXV:NIO) 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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Nio Strategic Metals (TSXV:NIO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nio Strategic Metals Inc (TSXV:NIO) » Definitions » ROCE %

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NIOCF:USA

Address

1, Place Ville-Marie, Suite 1670, Montreal, QC, CAN, H3B 2B6

Website

https://www.niostratmet.com

Nio Strategic Metals Inc is a development-stage exploration company based in Canada. The principal business activity of the company is mineral exploration and development properties in the province of Quebec. It owns an interest in Oka Niobium Project and Great Whale Iron Project.

Executives