Aqua Metals (LTS:0HH6) ROCE % : -86.89% (As of Mar. 2024)

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What is Aqua Metals 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. Aqua Metals's annualized ROCE % for the quarter that ended in Mar. 2024 was -86.89%.

Aqua Metals ROCE % Historical Data

The historical data trend for Aqua Metals'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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Aqua Metals ROCE % Chart

Aqua Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-69.31

-52.86

-59.70

-60.75

-92.94

Aqua Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-81.72	-88.00	-62.42	-117.82	-86.89

Aqua Metals ROCE % Calculation

Aqua Metals's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-23.317	/	( ( (33.502 - 12.311)	+	(33.6 - 4.613) )	/ 2 )
	=	-23.317	/	( (21.191	+	28.987)	/ 2 )
	=	-23.317	/	25.089
	=	-92.94 %

Aqua Metals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-22.584	/	( ( (33.6 - 4.613)	+	(31.446 - 8.451) )	/ 2 )
	=	-22.584	/	( ( 28.987	+	22.995 )	/ 2 )
	=	-22.584	/	25.991
	=	-86.89 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Aqua Metals (LTS:0HH6) 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.

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Aqua Metals (LTS:0HH6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Aqua Metals Inc (LTS:0HH6) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AQMS:USA AQK:Germany

Address

5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511

Website

https://www.aquametals.com

Aqua Metals Inc is a United States-based company engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.

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