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SRCGF (Homeland Nickel) 1-Year ROIIC % : -29.05% (As of Oct. 2024)


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What is Homeland Nickel 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. Homeland Nickel's 1-Year ROIIC % for the quarter that ended in Oct. 2024 was -29.05%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

SRCGF's 1-Year ROIIC % is ranked worse than
68.55% of 2385 companies
in the Metals & Mining industry
Industry Median: -1.13 vs SRCGF: -29.05

Homeland Nickel 1-Year ROIIC % Historical Data

The historical data trend for Homeland Nickel'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.

Homeland Nickel 1-Year ROIIC % Chart

Homeland Nickel Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
1-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 -5.29 6.37 -14.54 -11.69

Homeland Nickel Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 -28.72 43.50 -11.69 -20.92 -29.05

Competitive Comparison of Homeland Nickel's 1-Year ROIIC %

For the Other Industrial Metals & Mining subindustry, Homeland Nickel'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.


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

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

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


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Homeland Nickel 1-Year ROIIC % Calculation

Homeland Nickel's 1-Year ROIIC % for the quarter that ended in Oct. 2024 is calculated as:

1-Year ROIIC %=1-Year Incremental Net Operating Profit After Taxes (NOPAT)**/1-Year Incremental Invested Capital
=( -1.715 (Oct. 2024) - -0.64 (Oct. 2023) )/( 4.764 (Oct. 2024) - 1.094 (Oct. 2023) )
=-1.075/3.67
=-29.29%***

* 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.


Homeland Nickel  (OTCPK:SRCGF) 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.


Homeland Nickel 1-Year ROIIC % Related Terms

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Homeland Nickel Business Description

Traded in Other Exchanges
Address
110 Yonge Street, Suite 1601, Toronto, ON, CAN, M5C 1T4
Homeland Nickel Inc is a Canadian-based mineral exploration company focused on critical metal resources with nickel projects in Oregon, United States, and copper projects in Newfoundland, Canada. Its projects are Cleopatra, Red Flat, Eight Dollar Mountain, Shamrock, and Benton option.