Inomin Mines (TSXV:MINE) ROCE % : -11.52% (As of Dec. 2023)

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What is Inomin Mines 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. Inomin Mines's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.52%.

Inomin Mines ROCE % Historical Data

The historical data trend for Inomin Mines'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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Inomin Mines ROCE % Chart

Inomin Mines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-40.38

-56.00

-37.03

-25.41

-32.47

Inomin Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-15.06	-44.91	4.84	-49.00	-11.52

Inomin Mines ROCE % Calculation

Inomin Mines's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.371	/	( ( (1.35 - 0.065)	+	(1.062 - 0.062) )	/ 2 )
	=	-0.371	/	( (1.285	+	1)	/ 2 )
	=	-0.371	/	1.1425
	=	-32.47 %

Inomin Mines'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 )
	=	-0.16	/	( ( (1.461 - 0.052)	+	(1.407 - 0.038) )	/ 2 )
	=	-0.16	/	( ( 1.409	+	1.369 )	/ 2 )
	=	-0.16	/	1.389
	=	-11.52 %

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

Inomin Mines (TSXV:MINE) 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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Inomin Mines (TSXV:MINE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inomin Mines Inc (TSXV:MINE) » Definitions » ROCE %

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IMC:Germany

Address

400 Burrard Street, Suite 1130, Vancouver, BC, CAN, V6C 3A6

Website

https://www.inominmines.com

Inomin Mines Inc is a Canadian mineral exploration company. It is engaged in the identification, exploration, and development of mineral properties. The company holds an interest in King's Point property. Its property is located in the Green Bay area of Newfoundland. The company's other projects are Beaver Magnesium-Nickel-Cobalt, Lynx Nickel, La Gitana Gold-Silver, and Pena Blanca Gold-Silver.