PolyMet Mining ROIC
What is the ROIC of PolyMet Mining?
The ROIC of PolyMet Mining Corp. is -1.68%
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 PolyMet Mining
What does PolyMet Mining do?
PolyMet Mining Corp., through its subsidiary, Poly Met Mining, Inc., explores for and develops natural resource properties. Its primary mineral property is the NorthMet project, a polymetallic project that hosts copper, nickel, cobalt, gold, silver, and platinum group metal mineralization covering an area of approximately 4,300 acres located in northeastern Minnesota, the United States. The company was formerly known as Fleck Resources Ltd. and changed its name to PolyMet Mining Corp. in June 1998. PolyMet Mining Corp. was incorporated in 1981 and is headquartered in Saint Paul, Minnesota.
Companies with roic similar to PolyMet Mining
- Fission Uranium has ROIC of -1.68%
- Fiduciary/Claymore Infrastructure Fund has ROIC of -1.68%
- MAN SE has ROIC of -1.68%
- MAN SE has ROIC of -1.68%
- Retail Value Inc has ROIC of -1.68%
- pferdewetten.de AG has ROIC of -1.68%
- PolyMet Mining has ROIC of -1.68%
- GBL Industries has ROIC of -1.67%
- Transat A.T has ROIC of -1.67%
- Cerence Inc has ROIC of -1.65%
- Naspers has ROIC of -1.65%
- NAOS Absolute Opportunities has ROIC of -1.65%
- Educomp Solutions has ROIC of -1.64%