Fathom Nickel (XCNQ:FNI) ROCE % : -6.13% (As of Sep. 2024)

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What is Fathom 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. Fathom Nickel's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.13%.

Fathom Nickel ROCE % Historical Data

The historical data trend for Fathom 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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Fathom Nickel ROCE % Chart

Fathom Nickel Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-1.82

-28.51

-8.46

Fathom Nickel Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											-9.20	-11.00	-10.13	-0.68	-6.13

Fathom Nickel ROCE % Calculation

Fathom Nickel's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.136	/	( ( (14.389 - 1.248)	+	(14.166 - 0.448) )	/ 2 )
	=	-1.136	/	( (13.141	+	13.718)	/ 2 )
	=	-1.136	/	13.4295
	=	-8.46 %

Fathom Nickel'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 )
	=	-1.116	/	( ( (18.504 - 0.172)	+	(18.557 - 0.473) )	/ 2 )
	=	-1.116	/	( ( 18.332	+	18.084 )	/ 2 )
	=	-1.116	/	18.208
	=	-6.13 %

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

Fathom Nickel (XCNQ:FNI) 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.

Fathom Nickel ROCE % Related Terms

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Fathom Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fathom Nickel Inc (XCNQ:FNI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FNICF:USA 6Q5:Germany

Address

1240 Kensington Road NorthWest, Suite 311, No. 104, Calgary, AB, CAN, T2N3P7

Website

https://www.fathomnickel.com

Fathom Nickel Inc is a resource development and exploration company engaged in exploring base and precious metals in Canada. The company is targeting high-grade nickel sulfide discoveries for use in the rapidly growing electric vehicle market and green energy market. The projects of the company include Albert Lake Project and Gochager Lake Project.

Executives

Douglas Martin Porter	Senior Officer
Ian Fraser	Director, Senior Officer