EV Nickel (TSXV:EVNI) ROCE % : -241.53% (As of Dec. 2023)

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What is EV 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. EV Nickel's annualized ROCE % for the quarter that ended in Dec. 2023 was -241.53%.

EV Nickel ROCE % Historical Data

The historical data trend for EV 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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EV Nickel ROCE % Chart

EV Nickel Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-200.54

-402.25

-2,573.98

EV Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-259.15	-464.93	-	-4,589.74	-241.53

EV Nickel ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-4.749	/	( ( (2.514 - 1.51)	+	(0.478 - 1.113) )	/ 2 )
	=	-4.749	/	( (1.004	+	-0.635)	/ 2 )
	=	-4.749	/	0.1845
	=	-2,573.98 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.768	/	( ( (1.504 - 0.713)	+	(1.551 - 0.878) )	/ 2 )
	=	-1.768	/	( ( 0.791	+	0.673 )	/ 2 )
	=	-1.768	/	0.732
	=	-241.53 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

EV Nickel (TSXV:EVNI) 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.

EV Nickel ROCE % Related Terms

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EV Nickel (TSXV:EVNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (TSXV:EVNI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EVNIF:USA JR1:Germany

Address

150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9

Website

https://www.evnickel.com

EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.

Executives

Rogue Resources Inc.

10% Security Holder

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