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Lifezone Metals (Lifezone Metals) ROCE % : -13.43% (As of Dec. 2023)


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What is Lifezone 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. Lifezone Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.43%.

Lifezone Metals ROCE % Historical Data

The historical data trend for Lifezone 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.

* Premium members only.

Lifezone Metals ROCE % Chart

Lifezone Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
0.66 -59.01 -36.09 -347.48

Lifezone Metals Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -83.36 -36.07 -31.90 -1,358.37 -13.43

Lifezone Metals ROCE % Calculation

Lifezone 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 )
=-364.451/( ( (96.977 - 16.707) + (142.262 - 12.764) )/ 2 )
=-364.451/( (80.27+129.498)/ 2 )
=-364.451/104.884
=-347.48 %

Lifezone Metals'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: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-17.896/( ( (147.349 - 10.418) + (142.262 - 12.764) )/ 2 )
=-17.896/( ( 136.931 + 129.498 )/ 2 )
=-17.896/133.2145
=-13.43 %

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

* 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.

Lifezone Metals  (NYSE:LZM) 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.

Lifezone Metals ROCE % Related Terms

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Lifezone Metals (Lifezone Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lifezone Metals Ltd (NYSE:LZM) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
1 Bowring Road, Commerce House, Ramsey, IMN, IM8 2TF
Website
https://www.lifezonemetals.com
Lifezone Metals Ltd is a modern pre-development exploration-stage metals company. Its business consists of two segments namely metals extraction and refining business and intellectual property licensing business.