Beyond Lithium (XCNQ:BY) ROCE % : -3,427.32% (As of Dec. 2023)

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What is Beyond 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. Beyond Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -3,427.32%.

Beyond Lithium ROCE % Historical Data

The historical data trend for Beyond 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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Beyond Lithium ROCE % Chart

Beyond Lithium Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-110.27

-101.62

-2,074.67

Beyond Lithium Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-88.96	-155.39	-1,231.06	-1,001.90	-3,427.32

Beyond Lithium ROCE % Calculation

Beyond Lithium'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 )
	=	-6.224	/	( ( (0.404 - 0.026)	+	(0.429 - 0.207) )	/ 2 )
	=	-6.224	/	( (0.378	+	0.222)	/ 2 )
	=	-6.224	/	0.3
	=	-2,074.67 %

Beyond Lithium'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 )
	=	-6.272	/	( ( (0.448 - 0.304)	+	(0.429 - 0.207) )	/ 2 )
	=	-6.272	/	( ( 0.144	+	0.222 )	/ 2 )
	=	-6.272	/	0.183
	=	-3,427.32 %

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

Beyond Lithium (XCNQ:BY) 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.

Beyond Lithium ROCE % Related Terms

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Beyond Lithium (XCNQ:BY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Beyond Lithium Inc (XCNQ:BY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BYDMF:USA

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.beyondminerals.ca

Beyond Lithium Inc is a lithium exploration company based in Ontario. The company is mainly engaged in acquiring and exploring mineral properties. Its project portfolio includes Peggy Group Lithium Property, North Trout Lake, and New Ontario Lithium Properties.

Executives

Lawrence Tsang

Senior Officer