Lotus Resources (ASX:LOT) ROCE % : -9.40% (As of Dec. 2023)

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What is Lotus Resources 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. Lotus Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.40%.

Lotus Resources ROCE % Historical Data

The historical data trend for Lotus Resources'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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Lotus Resources ROCE % Chart

Lotus Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-7.29

-36.43

-7.38

-17.93

-13.66

Lotus Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.54	-19.36	-13.54	-11.19	-9.40

Lotus Resources ROCE % Calculation

Lotus Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-8.772	/	( ( (66.607 - 9.104)	+	(71.771 - 0.828) )	/ 2 )
	=	-8.772	/	( (57.503	+	70.943)	/ 2 )
	=	-8.772	/	64.223
	=	-13.66 %

Lotus Resources's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-10.478	/	( ( (71.771 - 0.828)	+	(153.443 - 1.406) )	/ 2 )
	=	-10.478	/	( ( 70.943	+	152.037 )	/ 2 )
	=	-10.478	/	111.49
	=	-9.40 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Lotus Resources (ASX:LOT) 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.

Lotus Resources ROCE % Related Terms

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Lotus Resources (ASX:LOT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lotus Resources Ltd (ASX:LOT) » Definitions » ROCE %

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LTSRF:USA

Address

140 St Georges Terrace, Level 20, Perth, WA, AUS, 6000

Website

https://www.lotusresources.com.au

Lotus Resources Ltd is a mineral exploration company engaged in the development of interests in exploration and development projects in the resource industry in Australia and Malawi. Its operates in two geographical and business segments, that is Africa (Uranium) and Australia (Minerals). It holds an interest in the Kayelekera Uranium Project located in northern Malawi, 52km west (by road) of the provincial town of Karonga and 12km south of the main road that connects Karonga with the township of Chitipa to the west, and Hylea Cobalt Project is located over units of the western side of the Lachlan Orogen.

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