Canada Nickel Co (Canada Nickel Co) 3-Year ROIIC %

: -5.71% (As of Oct. 2023)

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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. 2023 was -5.71%. 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:

CNIKF's 3-Year ROIIC % is ranked worse than
50.96% of 2135 companies
in the Metals & Mining industry
Industry Median: -5.07 vs CNIKF: -5.71

Canada Nickel Co 3-Year ROIIC % Historical Data

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.

* Premium members only.

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

3-Year ROIIC %

-5.71

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
3-Year ROIIC %													-	-	-	-5.71	-

Competitive 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 % Distribution

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 3-Year ROIIC % Calculation

Canada Nickel Co's 3-Year ROIIC % for the quarter that ended in Oct. 2023 is calculated as:

3-Year ROIIC %	=	3-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	3-Year Incremental Invested Capital^**
	=	( -10.1644728 (Oct. 2023) - -3.53 (Oct. 2020) )	/	( 133.424 (Oct. 2023) - 15.589 (Oct. 2020) )
	=	-6.6344728	/	117.835
	=	-5.63%^***

** 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 (OTCPK:CNIKF) 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

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Canada Nickel Co (Canada Nickel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (OTCPK:CNIKF) » Definitions » 3-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

4E0:Germany CNC:Canada

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

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. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.