Indigo Exploration (TSXV:IXI) ROCE % : -36.65% (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Indigo Exploration 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. Indigo Exploration's annualized ROCE % for the quarter that ended in Mar. 2024 was -36.65%.

Indigo Exploration ROCE % Historical Data

The historical data trend for Indigo Exploration'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.

* Premium members only.

Indigo Exploration ROCE % Chart

Indigo Exploration Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

Get a 7-Day Free Trial

-2,840.00

-246.97

-66.63

-351.66

-462.82

Indigo Exploration 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															-	-317.96	-105.85	-32.56	-36.65

Indigo Exploration ROCE % Calculation

Indigo Exploration's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-1.164	/	( ( (0.072 - 0.349)	+	(0.982 - 0.202) )	/ 2 )
	=	-1.164	/	( (-0.277	+	0.78)	/ 2 )
	=	-1.164	/	0.2515
	=	-462.82 %

Indigo Exploration'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 )
	=	-0.252	/	( ( (0.841 - 0.122)	+	(0.735 - 0.079) )	/ 2 )
	=	-0.252	/	( ( 0.719	+	0.656 )	/ 2 )
	=	-0.252	/	0.6875
	=	-36.65 %

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

Indigo Exploration (TSXV:IXI) 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.

Indigo Exploration ROCE % Related Terms

Thank you for viewing the detailed overview of Indigo Exploration's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Indigo Exploration (TSXV:IXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Indigo Exploration Inc (TSXV:IXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IXIXF:USA INEN:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.indigoexploration.com

Indigo Exploration Inc is a junior natural resource company. It is engaged in the acquisition, exploration, and development of natural resource properties. The company's geographic segments include Canada; Burkina Faso and Mali. Its focus is on gold exploration in the Republic of Burkina Faso, West Africa. The company's projects include Lati; Hantoukoura and Djimbala.

Indigo Exploration (TSXV:IXI) Headlines

No Headlines