Li3 Lithium (TSXV:LILI) ROCE % : -80.18% (As of Nov. 2023)

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What is Li3 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. Li3 Lithium's annualized ROCE % for the quarter that ended in Nov. 2023 was -80.18%.

Li3 Lithium ROCE % Historical Data

The historical data trend for Li3 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.

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Li3 Lithium ROCE % Chart

Li3 Lithium Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

ROCE %

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-78.62

-267.96

-95.42

-195.45

Li3 Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial															-84.55	-81.26	-261.51	-405.12	-80.18

Li3 Lithium ROCE % Calculation

Li3 Lithium's annualized ROCE % for the fiscal year that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2023 )		(A: Nov. 2022 )		(A: Nov. 2023 )
	=	-1.717	/	( ( (1.623 - 0.043)	+	(0.291 - 0.114) )	/ 2 )
	=	-1.717	/	( (1.58	+	0.177)	/ 2 )
	=	-1.717	/	0.8785
	=	-195.45 %

Li3 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 )
	=	-0.176	/	( ( (0.374 - 0.112)	+	(0.291 - 0.114) )	/ 2 )
	=	-0.176	/	( ( 0.262	+	0.177 )	/ 2 )
	=	-0.176	/	0.2195
	=	-80.18 %

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

Li3 Lithium (TSXV:LILI) 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.

Li3 Lithium ROCE % Related Terms

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Li3 Lithium (TSXV:LILI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Li3 Lithium Corp (TSXV:LILI) » Definitions » ROCE %

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WTCRF:USA WD9:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.lithium3.com

Li3 Lithium Corp is focused on acquiring and developing hard rock spodumene lithium assets in Zimbabwe and Argentina. It focuses on HardRock Lithium and Mutare Lithium projects.

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