SPC Nickel (TSXV:SPC) ROCE % : -118.57% (As of Nov. 2024)

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What is SPC 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. SPC Nickel's annualized ROCE % for the quarter that ended in Nov. 2024 was -118.57%.

SPC Nickel ROCE % Historical Data

The historical data trend for SPC 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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SPC Nickel ROCE % Chart

SPC Nickel Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

-67.08

-140.77

-102.56

-153.44

-130.52

SPC Nickel Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial														-369.90	-140.23	-173.09	-	-118.57

SPC Nickel ROCE % Calculation

SPC Nickel's annualized ROCE % for the fiscal year that ended in Aug. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2024 )		(A: Aug. 2023 )		(A: Aug. 2024 )
	=	-2.457	/	( ( (2.725 - 0.802)	+	(2.341 - 0.499) )	/ 2 )
	=	-2.457	/	( (1.923	+	1.842)	/ 2 )
	=	-2.457	/	1.8825
	=	-130.52 %

SPC Nickel's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	-1.944	/	( ( (2.341 - 0.499)	+	(1.744 - 0.307) )	/ 2 )
	=	-1.944	/	( ( 1.842	+	1.437 )	/ 2 )
	=	-1.944	/	1.6395
	=	-118.57 %

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

SPC Nickel (TSXV:SPC) 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.

SPC Nickel ROCE % Related Terms

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SPC Nickel Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SPCNF:USA

Address

1351C Kelly Lake Road, Unit 9, Sudbury, ON, CAN, P3E 5P5

Website

https://www.spcnickel.com

SPC Nickel Corp is engaged in the business of exploration of nickel, copper and platinum group metal mineral projects in Ontario. Its exploration properties consist of Aer Kidd Property, Lockerby East Property, Janes Property and Muskok Property.

Executives

Grant Albert Mourre	Director, Senior Officer
Dundee Corporation	10% Security Holder
Joseph Alger Raymond St-jean	Director
Scott Mclean	Director
Olav Langelaar	Director