Interra Copper (XCNQ:IMCX) ROCE % : -21.90% (As of Sep. 2024)

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What is Interra Copper 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. Interra Copper's annualized ROCE % for the quarter that ended in Sep. 2024 was -21.90%.

Interra Copper ROCE % Historical Data

The historical data trend for Interra Copper'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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Interra Copper ROCE % Chart

Interra Copper Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-200.00

-110.88

-29.00

-5.79

-28.65

Interra Copper Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-15.61	-18.03	-27.24	-15.09	-21.90

Interra Copper ROCE % Calculation

Interra Copper'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 )
	=	-1.875	/	( ( (6.083 - 0.041)	+	(7.517 - 0.471) )	/ 2 )
	=	-1.875	/	( (6.042	+	7.046)	/ 2 )
	=	-1.875	/	6.544
	=	-28.65 %

Interra Copper'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 )
	=	-1.536	/	( ( (7.353 - 0.78)	+	(8.033 - 0.579) )	/ 2 )
	=	-1.536	/	( ( 6.573	+	7.454 )	/ 2 )
	=	-1.536	/	7.0135
	=	-21.90 %

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

Interra Copper (XCNQ:IMCX) 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.

Interra Copper ROCE % Related Terms

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Interra Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Interra Copper Corp (XCNQ:IMCX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IMIMF:USA 3MX:Germany

Address

550 Burrard Street, Suite 1008, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.interracopper.com

Interra Copper Corpy is a junior mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties in British Columbia, Canada. The company has one mineral exploration property, which is the Thane Property located in north-central British Columbia, and the Chuck Creek Property located in central British Columbia. The Thane property is predominantly underlain by intrusive rocks of the Hogem Plutonic Suite.

Executives

Jason Alexander Wolfgang Nickel	Director, Senior Officer
Chris Naas	Director, Senior Officer

Interra Copper Headlines

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