Bradda Head Lithium (LSE:BHL) ROCE % : -22.88% (As of Nov. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Bradda Head Lithium 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. Bradda Head Lithium's annualized ROCE % for the quarter that ended in Nov. 2023 was -22.88%.

Bradda Head Lithium ROCE % Historical Data

The historical data trend for Bradda Head Lithium'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.

* Premium members only.

Bradda Head Lithium ROCE % Chart

Bradda Head Lithium Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

-127.18

-46.99

-27.83

-49.81

-27.84

Bradda Head Lithium Quarterly Data
	Feb19	Feb20	Aug20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial									-39.05	-18.57	-34.23	-34.13	-22.88

Bradda Head Lithium ROCE % Calculation

Bradda Head Lithium's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	-3.219	/	( ( (9.869 - 0.811)	+	(15.069 - 1.005) )	/ 2 )
	=	-3.219	/	( (9.058	+	14.064)	/ 2 )
	=	-3.219	/	11.561
	=	-27.84 %

Bradda Head Lithium's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	-2.848	/	( ( (12.173 - 0.419)	+	(13.371 - 0.228) )	/ 2 )
	=	-2.848	/	( ( 11.754	+	13.143 )	/ 2 )
	=	-2.848	/	12.4485
	=	-22.88 %

(1) Note: The EBIT data used here is four times the quarterly (Nov. 2023) EBIT data.

Bradda Head Lithium (LSE:BHL) 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.

Bradda Head Lithium ROCE % Related Terms

Thank you for viewing the detailed overview of Bradda Head Lithium's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bradda Head Lithium (LSE:BHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bradda Head Lithium Ltd (LSE:BHL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BHLIF:USA 8CD1:Germany BHLI:Canada

Address

Nelson Street, Viking House, Douglas, IMN, IM1 2AH

Website

https://www.braddaheadltd.com

Bradda Head Lithium Ltd is a lithium exploration company focused on developing its high-quality projects in the USA. Through its subsidiaries, the group holds a stake in lithium brine, pegmatite, and clay projects located in strategic positions in a world-class lithium belt in the USA.

Bradda Head Lithium (LSE:BHL) Headlines

No Headlines