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Canada Nickel CoTSXV:CNC -4.76%37 3-Year ROIIC % is -3.34 as of Oct. 2025. GuruFocus rates TSXV:CNC with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 2,301 Metals & Mining companies, Canada Nickel Co ranks worse than 51.06% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Canada Nickel Co's 3-Year ROIIC % for the quarter that ended in Oct. 2025 was -3.34%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Canada Nickel Co's 3-Year ROIIC % or its related term are showing as below:
TSXV:CNC's 3-Year ROIIC % is ranked worse than 51.06% of 2301
companies
in the Metals & Mining industry
Industry Median: -2.73
vs TSXV:CNC: -3.34
Canada Nickel Co (TSXV:CNC) 3-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.
Canada Nickel Co 3-Year ROIIC % Related Terms
Canada Nickel Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Canada Nickel Co's 3-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.
Canada Nickel Co 3-Year ROIIC % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Canada Nickel Co's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Canada Nickel Co 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Canada Nickel Co's 3-Year ROIIC % falls into.
Canada Nickel Co's 3-Year ROIIC % for the quarter that ended in Oct. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -14.927 (Oct. 2025) - -9.289 (Oct. 2022) )
/
( 311.546 (Oct. 2025) - 142.586 (Oct. 2022) )
=
-5.638
/
168.96
=
-3.34%***
* 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 3-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.
Canada Nickel Co (TSXV:CNC) has a 3-Year ROIIC % of -3.34 as of Oct. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Canada Nickel Co and its competitors. According to the industry distribution chart, Canada Nickel Co ranks #1175 out of 2301 companies in the Metals & Mining industry, placing it in the top 51.1%.
Is Canada Nickel Co's 3-Year ROIIC % too high?
Canada Nickel Co's current 3-Year ROIIC % is -3.34. Based on the distribution chart, Canada Nickel Co ranks #1175 out of 2301 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Canada Nickel Co has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Canada Nickel Co's 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Canada Nickel Co ranks #1175 out of 2301 companies for 3-Year ROIIC %. This places Canada Nickel Co in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Canada Nickel Co and its competitors. Canada Nickel Co's current 3-Year ROIIC % is -3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canada Nickel Co stock overvalued right now?
Canada Nickel Co (TSXV:CNC) has a current 3-Year ROIIC % of -3.34. The current 3-Year ROIIC % is -3.34. Canada Nickel Co's overall GF Score™ is 37/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Canada Nickel Co (TSXV:CNC), the current 3-Year ROIIC % is -3.34 as of Oct. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions.
37GF Score
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