Spod Lithium (XCNQ:SPOD) ROCE % : -15.00% (As of Jan. 2024)

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What is Spod 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. Spod Lithium's annualized ROCE % for the quarter that ended in Jan. 2024 was -15.00%.

Spod Lithium ROCE % Historical Data

The historical data trend for Spod 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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Spod Lithium ROCE % Chart

Spod Lithium Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

-126.95

-54.32

-77.63

Spod Lithium Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial														-14.91	-15.84	-107.08	-15.28	-15.00

Spod Lithium ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.364	/	( ( (0.711 - 0.143)	+	(3.138 - 0.192) )	/ 2 )
	=	-1.364	/	( (0.568	+	2.946)	/ 2 )
	=	-1.364	/	1.757
	=	-77.63 %

Spod Lithium's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.58	/	( ( (3.619 - 0.284)	+	(4.687 - 0.29) )	/ 2 )
	=	-0.58	/	( ( 3.335	+	4.397 )	/ 2 )
	=	-0.58	/	3.866
	=	-15.00 %

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

Spod Lithium (XCNQ:SPOD) 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.

Spod Lithium ROCE % Related Terms

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Spod Lithium (XCNQ:SPOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spod Lithium Corp (XCNQ:SPOD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SPODF:USA

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6C 2Y3

Website

https://www.spodlithiumcorp.com

Spod Lithium Corp. is a mineral exploration company focused on the acquisition and development of mineral properties containing batteries, bases, and precious metals. The Company's primary lithium properties are strategically located in Quebec and Ontario, Canada. The projects of the company include Golden Moon Property, Ferdinand Property, Byron Pegmatite, Lithium Grande 4, Megali Property, and others.

Executives

Christopher Cooper

Director, Senior Officer

Spod Lithium (XCNQ:SPOD) Headlines

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