Quebec Innovative Materials (XCNQ:QIMC) ROCE % : -269.03% (As of Dec. 2024)

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What is Quebec Innovative Materials 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. Quebec Innovative Materials's annualized ROCE % for the quarter that ended in Dec. 2024 was -269.03%.

Quebec Innovative Materials ROCE % Historical Data

The historical data trend for Quebec Innovative Materials'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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Quebec Innovative Materials ROCE % Chart

Quebec Innovative Materials Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

-25.58

-113.42

-170.90

-240.96

-348.61

Quebec Innovative Materials Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial														-397.77	-666.18	50.91	-	-269.03

Quebec Innovative Materials ROCE % Calculation

Quebec Innovative Materials's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	-2.449	/	( ( (0.735 - 0.254)	+	(1.108 - 0.184) )	/ 2 )
	=	-2.449	/	( (0.481	+	0.924)	/ 2 )
	=	-2.449	/	0.7025
	=	-348.61 %

Quebec Innovative Materials's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-2.128	/	( ( (1.108 - 0.184)	+	(0.848 - 0.19) )	/ 2 )
	=	-2.128	/	( ( 0.924	+	0.658 )	/ 2 )
	=	-2.128	/	0.791
	=	-269.03 %

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

Quebec Innovative Materials (XCNQ:QIMC) 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.

Quebec Innovative Materials ROCE % Related Terms

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Quebec Innovative Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Innovative Materials Corp (XCNQ:QIMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

7FJ:Germany

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.qimaterials.com

Quebec Innovative Materials Corp is engaged in the exploration of mineral resource properties with an emphasis on the Charlevoix Silica Property located in Clermont. the projects of the company involve Industrial Minerals, Pilot processing and Hydrogen Helium.

Executives

Sheldon Inwentash	10% Security Holder
Threed Capital Inc.	10% Security Holder
Jakson Samuel Inwentash	Director
Ming Jang	Director
John Ioannis Karagiannidis	Director
Raymond Edward Wladichuk	Director, Senior Officer

Quebec Innovative Materials Headlines

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