Quebec Nickel (XCNQ:QNI) ROCE % : -4.33% (As of Jun. 2024)

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What is Quebec 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. Quebec Nickel's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.33%.

Quebec Nickel ROCE % Historical Data

The historical data trend for Quebec 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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Quebec Nickel ROCE % Chart

Quebec Nickel Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-32.29

-10.69

-7.39

Quebec Nickel Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial									-6.94	-11.75	-4.44	-6.13	-4.33

Quebec Nickel ROCE % Calculation

Quebec Nickel's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-1.128	/	( ( (17.681 - 2.587)	+	(15.595 - 0.169) )	/ 2 )
	=	-1.128	/	( (15.094	+	15.426)	/ 2 )
	=	-1.128	/	15.26
	=	-7.39 %

Quebec Nickel's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-0.664	/	( ( (15.595 - 0.169)	+	(15.431 - 0.156) )	/ 2 )
	=	-0.664	/	( ( 15.426	+	15.275 )	/ 2 )
	=	-0.664	/	15.3505
	=	-4.33 %

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

Quebec Nickel (XCNQ:QNI) 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.

Quebec Nickel ROCE % Related Terms

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Quebec Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Nickel Corp (XCNQ:QNI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

QNICF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.quebecnickel.com

Quebec Nickel Corp is engaged in the acquisition and exploration of mineral property assets. The company is involved in a single project namely the Ducros project.

Executives

David Patterson	Senior Officer
Ming Jang	Senior Officer
Hani John Zabaneh	Director

Quebec Nickel Headlines

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