1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
New Break Resources's 1-Year ROIIC % for the quarter that ended in Dec. 2023 was 285.33%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for New Break Resources's 1-Year ROIIC % or its related term are showing as below:
XCNQ:NBRK's 1-Year ROIIC % is ranked better than 90.15% of 2334
companies
in the Metals & Mining industry
Industry Median: -2.07
vs XCNQ:NBRK: 285.33
New Break Resources 1-Year ROIIC % Historical Data
The historical data trend for New Break Resources's 1-Year ROIIC % 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.
Competitive Comparison of New Break Resources's 1-Year ROIIC %
For the Gold subindustry, New Break Resources's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Break Resources's 1-Year ROIIC % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Break Resources's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where New Break Resources's 1-Year ROIIC % falls into.
New Break Resources 1-Year ROIIC % Calculation
New Break Resources's 1-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( -1.112 (Dec. 2023) - -1.326 (Dec. 2022) )
/
( 0.632 (Dec. 2023) - 0.557 (Dec. 2022) )
=
0.214
/
0.075
=
285.33%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
New Break Resources (XCNQ:NBRK) 1-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
New Break Resources 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of New Break Resources's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
New Break Resources (XCNQ:NBRK) Business Description
New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.
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