Rubicon Minerals ROIC
What is the ROIC of Rubicon Minerals?
The ROIC of Rubicon Minerals Corporation is -36.64%
What is the definition of ROIC?
Return on invested capital (ROIC) is a financial ratio that measures how efficient a company is at allocating the capital under its control to profitable investments.
= NOPAT / Invested capital = EBIT * (1 - tax rate) / (2-year average liabilities + 2-year average shareholder equity)
Return on invested capital (ROIC) ratio gives investors a sense of how well a company is using money under its control to generate profitable returns.
ROIC can be used as a benchmark to calculate the valuation of companies across industries. A higher ROIC means the company is doing a better job of investing the money from shareholders and bondholders to run the business. A company is creating value if its ROIC exceeds 2%. If its ROIC is under 2%, the company is likely destroying value and has no excess capital to invest in future growth.
You can calculate ROIC with the following formula:
NOPAT = Net operating profit after tax
Invested Capital = Average total liabilities + Average shareholders' equity
The averages of liabilities and shareholders' equity are calculated as geometrical averages of the last two annual values from the company's balance sheet.
ROIC of companies in the Materials sector on TSX compared to Rubicon Minerals
What does Rubicon Minerals do?
Battle North Gold Corporation engages in the exploration of gold properties in Canada and the United States. The company holds a 100% interest in Phoenix Gold project located in the Red Lake gold district in northwestern Ontario, Canada. It also holds interests in approximately 285 square kilometers of exploration ground in the Red Lake gold district; and approximately 900 square kilometers of mineral property interests in the Long Canyon gold district in the Nevada-Utah border. The company was formerly known as Rubicon Minerals Corporation and changed its name to Battle North Gold Corporation in July 2020. Battle North Gold Corporation was founded in 1996 and is headquartered in Toronto, Canada.
Companies with roic similar to Rubicon Minerals
- Immutep has ROIC of -36.74%
- Immutep has ROIC of -36.74%
- SiteMinder has ROIC of -36.71%
- Cettire has ROIC of -36.68%
- Strongbridge Biopharma plc has ROIC of -36.65%
- Poseida Therapeutics has ROIC of -36.65%
- Rubicon Minerals has ROIC of -36.64%
- Pieris Pharmaceuticals Inc has ROIC of -36.59%
- Phone Web SA has ROIC of -36.58%
- Altimmune has ROIC of -36.57%
- Cabaletta Bio Inc has ROIC of -36.52%
- TDG Gold has ROIC of -36.51%
- Regenxbio Inc has ROIC of -36.50%