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PRMNF (Prime Mining) 1-Year ROIIC % : -1,042.05% (As of Sep. 2024)


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What is Prime Mining 1-Year ROIIC %?

1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year. Prime Mining's 1-Year ROIIC % for the quarter that ended in Sep. 2024 was -1,042.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Prime Mining's 1-Year ROIIC % or its related term are showing as below:

PRMNF's 1-Year ROIIC % is ranked worse than
95.19% of 2430 companies
in the Metals & Mining industry
Industry Median: -1.35 vs PRMNF: -1042.05

Prime Mining 1-Year ROIIC % Historical Data

The historical data trend for Prime Mining's 1-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.

* Premium members only.

Prime Mining 1-Year ROIIC % Chart

Prime Mining Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Dec22 Dec23
1-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.14 -144.61 -180.71 -7,497.30 -996.24

Prime Mining Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
1-Year ROIIC % 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 -1,035.80 -996.24 1,511.67 854.10 -1,042.05

Competitive Comparison of Prime Mining's 1-Year ROIIC %

For the Other Industrial Metals & Mining subindustry, Prime Mining's 1-Year ROIIC %, along with its competitors' market caps and 1-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.


Prime Mining's 1-Year ROIIC % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Prime Mining's 1-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Prime Mining's 1-Year ROIIC % falls into.



Prime Mining 1-Year ROIIC % Calculation

Prime Mining's 1-Year ROIIC % for the quarter that ended in Sep. 2024 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( -17.933 (Sep. 2024) - -18.627 (Sep. 2023) )/( 10.239 (Sep. 2024) - 10.316 (Sep. 2023) )
=0.694/-0.076999999999993
=-901.30%***

* 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.

** TTM data of NOPAT and Invested Capital was used to calculate 1-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.


Prime Mining  (OTCPK:PRMNF) 1-Year ROIIC % Explanation

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.


Prime Mining 1-Year ROIIC % Related Terms

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Prime Mining Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3
Prime Mining Corp is engaged in the acquisition, exploration, and development of mineral resource properties, targeting high-value and specialty metals. The company's projects include Los Reyes and others. The Company has one operating segment, which is the acquisition and exploration of mineral properties.