Lodestar Battery Metals (TSXV:LSTR) ROCE % : -326.18% (As of Dec. 2023)

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What is Lodestar Battery 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. Lodestar Battery Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was -326.18%.

Lodestar Battery Metals ROCE % Historical Data

The historical data trend for Lodestar Battery 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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Lodestar Battery Metals ROCE % Chart

Lodestar Battery Metals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-64.85

-72.94

-17.39

-127.04

Lodestar Battery Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-13.01	-28.35	-221.45	-14.18	-326.18

Lodestar Battery Metals ROCE % Calculation

Lodestar Battery 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 )
	=	-9.011	/	( ( (13.07 - 1.524)	+	(3.963 - 1.323) )	/ 2 )
	=	-9.011	/	( (11.546	+	2.64)	/ 2 )
	=	-9.011	/	7.093
	=	-127.04 %

Lodestar Battery 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 )
	=	-14.476	/	( ( (7.738 - 1.502)	+	(3.963 - 1.323) )	/ 2 )
	=	-14.476	/	( ( 6.236	+	2.64 )	/ 2 )
	=	-14.476	/	4.438
	=	-326.18 %

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

Lodestar Battery Metals (TSXV:LSTR) 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.

Lodestar Battery Metals ROCE % Related Terms

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Lodestar Battery Metals (TSXV:LSTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lodestar Battery Metals Corp (TSXV:LSTR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SVTNF:USA

Address

1680 - 355 Burrard Street, Vancouver, BC, CAN, V6C 2G8

Website

https://www.lodestarbatterymetals.ca

Lodestar Battery Metals Corp is a mineral exploration company that focuses on the exploration and development of quality silver projects. Its properties consist of Penasco Quemado, Sonora; La Frazada, Nayarit; and Pluton, Durango located in Mexico.

Executives

Lowell M. Kamin

Director, Senior Officer