BlackRock World Mining Trust Plc ROIC
What is the ROIC of BlackRock World Mining Trust Plc?
The ROIC of BlackRock World Mining Trust Plc is -9.61%
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 Finance sector on LSE compared to BlackRock World Mining Trust Plc
What does BlackRock World Mining Trust Plc do?
BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the mining and metal sectors. The fund benchmarks the performance of its portfolio against the Euromoney Global Mining Index. It was formerly known as Merrill Lynch World Mining Trust PLC. BlackRock World Mining Trust plc was formed on December 15, 1993 and is domiciled in the United Kingdom.
Companies with roic similar to BlackRock World Mining Trust Plc
- Anaconda Mining has ROIC of -9.64%
- Harbor Custom Development has ROIC of -9.64%
- IMPACT Silver has ROIC of -9.64%
- Crystal Bridge Enterprises has ROIC of -9.63%
- St Barbara has ROIC of -9.63%
- Axogen has ROIC of -9.63%
- BlackRock World Mining Trust Plc has ROIC of -9.61%
- HTC Purenergy has ROIC of -9.60%
- Alpine Immune Sciences Inc has ROIC of -9.60%
- Centric Brands Inc has ROIC of -9.59%
- Anacortes Mining has ROIC of -9.58%
- Osisko Mining has ROIC of -9.58%
- 94383 has ROIC of -9.57%