Snow Lake Resources (Snow Lake Resources) ROCE % : -18.47% (As of Dec. 2023)

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What is Snow Lake 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. Snow Lake Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.47%.

Snow Lake Resources ROCE % Historical Data

The historical data trend for Snow Lake 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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Snow Lake Resources ROCE % Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-28.34

-3.39

-8.72

-46.04

-52.24

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-21.93	-39.25	-35.05	-73.07	-18.47

Snow Lake Resources ROCE % Calculation

Snow Lake 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 )
	=	-11.637	/	( ( (28.981 - 1.391)	+	(19.885 - 2.923) )	/ 2 )
	=	-11.637	/	( (27.59	+	16.962)	/ 2 )
	=	-11.637	/	22.276
	=	-52.24 %

Snow Lake 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 )
	=	-3.45	/	( ( (19.885 - 2.923)	+	(22.627 - 2.229) )	/ 2 )
	=	-3.45	/	( ( 16.962	+	20.398 )	/ 2 )
	=	-3.45	/	18.68
	=	-18.47 %

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

Snow Lake Resources (NAS:LITM) 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.

Snow Lake Resources ROCE % Related Terms

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Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.