Katanga Mining ROIC
What is the ROIC of Katanga Mining?
The ROIC of Katanga Mining Ltd. is -6.32%
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 OTC compared to Katanga Mining
What does Katanga Mining do?
Katanga Mining Limited, through its subsidiaries, engages in the copper and cobalt mining, and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant. The company was incorporated in 1996 and is headquartered in Whitehorse, Canada. Katanga Mining Limited is a subsidiary of Glencore International AG.
Companies with roic similar to Katanga Mining
- Alvopetro has ROIC of -6.34%
- Nuix Ltd has ROIC of -6.34%
- Radware has ROIC of -6.34%
- Noida Toll Bridge has ROIC of -6.33%
- Sastasundar Ventures has ROIC of -6.33%
- Red White & Bloom Brands has ROIC of -6.33%
- Katanga Mining has ROIC of -6.32%
- American Airlines has ROIC of -6.30%
- American Airlines has ROIC of -6.30%
- Cronos Inc has ROIC of -6.30%
- Smiledirectclub Inc has ROIC of -6.30%
- Intevac has ROIC of -6.29%
- Ballarpur Industries has ROIC of -6.29%