Eurobattery Minerals (NGM:BAT) ROCE % : -12.38% (As of Mar. 2024)

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What is Eurobattery Minerals 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. Eurobattery Minerals's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.38%.

Eurobattery Minerals ROCE % Historical Data

The historical data trend for Eurobattery Minerals'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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Eurobattery Minerals ROCE % Chart

Eurobattery Minerals Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.77

-21.05

-19.86

-20.37

-20.12

Eurobattery Minerals 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															-13.16	-28.40	-11.67	-31.86	-12.38

Eurobattery Minerals ROCE % Calculation

Eurobattery Minerals'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 )
	=	-21.559	/	( ( (134.732 - 44.502)	+	(157.691 - 33.564) )	/ 2 )
	=	-21.559	/	( (90.23	+	124.127)	/ 2 )
	=	-21.559	/	107.1785
	=	-20.12 %

Eurobattery Minerals'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 )
	=	-16.536	/	( ( (157.691 - 33.564)	+	(163.81 - 20.743) )	/ 2 )
	=	-16.536	/	( ( 124.127	+	143.067 )	/ 2 )
	=	-16.536	/	133.597
	=	-12.38 %

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

Eurobattery Minerals (NGM:BAT) 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.

Eurobattery Minerals ROCE % Related Terms

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Eurobattery Minerals (NGM:BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eurobattery Minerals (NGM:BAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EBM:Germany

Address

Strandvagen 7A, Stockholm, SWE, 114 56

Website

https://www.eurobatteryminerals.com

Eurobattery Minerals is a Swedish mining company. It has focused on the exploration and development of nickel-cobalt-copper projects in Europe to supply mined raw materials to the battery industry and electric vehicle market.

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