10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Providence Gold Mines's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was -5.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Providence Gold Mines's 10-Year ROIIC % or its related term are showing as below:
TSXV:PHD's 10-Year ROIIC % is ranked worse than 54.1% of 2061
companies
in the Metals & Mining industry
Industry Median: -3.22
vs TSXV:PHD: -5.10
Providence Gold Mines 10-Year ROIIC % Historical Data
The historical data trend for Providence Gold Mines's 10-Year ROIIC % 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.
Competitive Comparison of Providence Gold Mines's 10-Year ROIIC %
For the Gold subindustry, Providence Gold Mines's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Providence Gold Mines's 10-Year ROIIC % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Providence Gold Mines's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Providence Gold Mines's 10-Year ROIIC % falls into.
Providence Gold Mines 10-Year ROIIC % Calculation
Providence Gold Mines's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
10-Year ROIIC %
=
10-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
10-Year Incremental Invested Capital**
=
( -0.313 (Dec. 2023) - -0.187 (Dec. 2013) )
/
( 2.61 (Dec. 2023) - 0.14 (Dec. 2013) )
=
-0.126
/
2.47
=
-5.10%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Providence Gold Mines 10-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Providence Gold Mines's 10-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Providence Gold Mines Inc is engaged in the exploration and evaluation of its gold mineral property located in California. The company holds an interest in Tuolumne properties. Tuolumne Property includes six parcels and thirteen 20-acre mining claims. The company is organized into business units based on exploration and evaluation assets and has one reportable operating segment spread across two geographic locations, being that of Acquisition and exploration and evaluation in Canada and the United States.
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