VMSXF (Nine Mile Metals) ROCE %: -32.76% (As of Mar. 2026)


What is Nine Mile Metals ROCE %?

Nine Mile Metals VMSXF +6.06% ROCE % is -32.76% as of Mar. 2026. The stock has 1 warning sign investors should review.

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. Nine Mile Metals's annualized ROCE % for the quarter that ended in Mar. 2026 was -32.76%.

Nine Mile Metals  (OTCPK:VMSXF) 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.

Nine Mile Metals ROCE % Related Terms

Nine Mile Metals ROCE % Historical Data

* Premium members only.

The historical data trend for Nine Mile 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.

Nine Mile Metals ROCE % Chart

Nine Mile Metals Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial -1,046.35 -54.95 -53.48 -45.77 -19.38

Nine Mile Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.20 -12.57 -19.57 -26.52 -32.76

Nine Mile Metals ROCE % Calculation

Nine Mile Metals's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=-0.624/( ( (3.765 - 0.449) + (3.489 - 0.364) )/ 2 )
=-0.624/( (3.316+3.125)/ 2 )
=-0.624/3.2205
=-19.38 %

Nine Mile Metals's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-1.792/( ( (4.234 - 0.241) + (7.241 - 0.293) )/ 2 )
=-1.792/( ( 3.993 + 6.948 )/ 2 )
=-1.792/5.4705
=-32.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -32.76% mean?
Nine Mile Metals (VMSXF) has a ROCE % of -32.76% as of Mar. 2026.
Is Nine Mile Metals' ROCE % too high?
Nine Mile Metals' current ROCE % is -32.76%.
How does Nine Mile Metals' ROCE % compare to competitors?
Nine Mile Metals' ROCE % of -32.76% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Nine Mile Metals's current ROCE % is -32.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Mile Metals stock overvalued right now?
Nine Mile Metals (VMSXF) has a current ROCE % of -32.76%. The current ROCE % is -32.76%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nine Mile Metals (VMSXF), the current ROCE % is -32.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Nine Mile Metals Business Description

Other Exchanges KQ9:GermanyNINE:Canada
Address 82 Richmond Street East, 1st Floor, Toronto, ON, CAN, M5C 1P1
Nine Mile Metals Ltd is a venture mining issuer engaged in the acquisition, exploration and development and mining of mineral properties. The company operates in one industry, the mineral resource industry, with all current exploration activities conducted in Canada.