iMining Technologies (FRA:P1A) ROCE % : -18.46% (As of Feb. 2022)

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What is iMining Technologies 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. iMining Technologies's annualized ROCE % for the quarter that ended in Feb. 2022 was -18.46%.

iMining Technologies ROCE % Historical Data

The historical data trend for iMining Technologies'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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iMining Technologies ROCE % Chart

iMining Technologies Annual Data

Trend

May12

May13

May14

May15

May16

May17

May18

May19

May20

May21

ROCE %

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-18.76

-19.70

-154.69

-474.79

-44.50

iMining Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
ROCE %	Get a 7-Day Free Trial															-721.57	-163.42	-8.92	3.01	-18.46

iMining Technologies ROCE % Calculation

iMining Technologies's annualized ROCE % for the fiscal year that ended in May. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2021 )		(A: May. 2020 )		(A: May. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2021 )		(A: May. 2020 )		(A: May. 2021 )
	=	-2.412	/	( ( (0.011 - 0.177)	+	(11.178 - 0.171) )	/ 2 )
	=	-2.412	/	( (-0.166	+	11.007)	/ 2 )
	=	-2.412	/	5.4205
	=	-44.50 %

iMining Technologies's ROCE % of for the quarter that ended in Feb. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2022 )		(Q: Nov. 2021 )		(Q: Feb. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2022 )		(Q: Nov. 2021 )		(Q: Feb. 2022 )
	=	-2.408	/	( ( (13.516 - 0.234)	+	(12.994 - 0.181) )	/ 2 )
	=	-2.408	/	( ( 13.282	+	12.813 )	/ 2 )
	=	-2.408	/	13.0475
	=	-18.46 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2022) EBIT data.

iMining Technologies (FRA:P1A) 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.

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iMining Technologies (FRA:P1A) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » iMining Technologies Inc (FRA:P1A) » Definitions » ROCE %

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Address

750 - 580 Hornby Street, Vancouver, BC, CAN, V6C 3B6

Website

https://www.imining.com

iMining Technologies Inc is engaged in cryptocurrency and blockchain space by mining cryptocurrencies and providing infrastructure and power to its colocation clients. The company aims to give investors exposure to the digital currency revolution and blockchain space.

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