Nickel Creek Platinum (Nickel Creek Platinum) ROCE % : -5.38% (As of Mar. 2024)

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What is Nickel Creek Platinum 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. Nickel Creek Platinum's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.38%.

Nickel Creek Platinum ROCE % Historical Data

The historical data trend for Nickel Creek Platinum'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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Nickel Creek Platinum ROCE % Chart

Nickel Creek Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.85

-8.39

-5.75

-4.84

-7.06

Nickel Creek Platinum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-8.00	-6.59	-6.47	-6.99	-5.38

Nickel Creek Platinum ROCE % Calculation

Nickel Creek Platinum's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.774	/	( ( (25.401 - 0.336)	+	(25.411 - 0.242) )	/ 2 )
	=	-1.774	/	( (25.065	+	25.169)	/ 2 )
	=	-1.774	/	25.117
	=	-7.06 %

Nickel Creek Platinum's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.352	/	( ( (25.411 - 0.242)	+	(25.332 - 0.208) )	/ 2 )
	=	-1.352	/	( ( 25.169	+	25.124 )	/ 2 )
	=	-1.352	/	25.1465
	=	-5.38 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Nickel Creek Platinum (OTCPK:NCPCF) 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.

Nickel Creek Platinum ROCE % Related Terms

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Nickel Creek Platinum (Nickel Creek Platinum) Business Description

Industry

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

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NCP:Canada

Address

1700 - 666 Burrard Street, Vancouver, BC, CAN, V6C 2X8

Website

https://www.nickelcreekplatinum.com

Nickel Creek Platinum Corp is a Canadian involved in mining exploration, evaluation, and development of platinum group metal and nickel mineral properties. The company mainly operates through its Yukon Territory property in Canada. It generates majority of its revenue through the sale of its metals deposit, while it also engages in the acquisition, evaluation, research, and development of mining properties.