Core Nickel (Core Nickel) ROCE % : 0.00% (As of Apr. 2023)

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What is Core Nickel ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Core Nickel's annualized ROCE % for the quarter that ended in Apr. 2023 was 0.00%.

Core Nickel ROCE % Historical Data

The historical data trend for Core Nickel's ROCE % 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.

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Core Nickel ROCE % Chart

Core Nickel Annual Data

Trend

Apr23

ROCE %

Core Nickel Semi-Annual Data
	Apr23
ROCE %	-

Core Nickel ROCE % Calculation

Core Nickel's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: . 20 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: . 20 )		(A: Apr. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Core Nickel's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: . 20 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: . 20 )		(Q: Apr. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (Apr. 2023) EBIT data.

Core Nickel (OTCPK:CNCOF) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Core Nickel ROCE % Related Terms

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Core Nickel (Core Nickel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Core Nickel Corp (OTCPK:CNCOF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNCO:Canada

Address

75 - 24th Street East, Unit 204, Saskatoon, SK, CAN, S7K0K3

Website

https://www.corenickel.com

Core Nickel Corp is engaged in developing the Nickel Properties, It operates five nickel properties: Halfway Lake, Resting Lake, Hunter, Odei River, and Mel properties all in the Thompson nickel belt of northern Manitoba.

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