Argentina Lithium & Energy (HAM:OAY3) ROCE % : -25.89% (As of Jun. 2024)

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What is Argentina Lithium & Energy 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. Argentina Lithium & Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was -25.89%.

Argentina Lithium & Energy ROCE % Historical Data

The historical data trend for Argentina Lithium & Energy'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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Argentina Lithium & Energy ROCE % Chart

Argentina Lithium & Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-54.11

-81.24

-30.35

Argentina Lithium & Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-91.67	-101.85	-63.14	-12.28	-25.89

Argentina Lithium & Energy ROCE % Calculation

Argentina Lithium & Energy'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 )
	=	-9.312	/	( ( (10.833 - 1.342)	+	(55.93 - 4.067) )	/ 2 )
	=	-9.312	/	( (9.491	+	51.863)	/ 2 )
	=	-9.312	/	30.677
	=	-30.35 %

Argentina Lithium & Energy's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-13.056	/	( ( (54.273 - 2.448)	+	(50.119 - 1.076) )	/ 2 )
	=	-13.056	/	( ( 51.825	+	49.043 )	/ 2 )
	=	-13.056	/	50.434
	=	-25.89 %

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

Argentina Lithium & Energy (HAM:OAY3) 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.

Argentina Lithium & Energy ROCE % Related Terms

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Argentina Lithium & Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argentina Lithium & Energy Corp (HAM:OAY3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LILIF:USA OAY3:Germany LIT:Canada

Address

837 West Hastings Street, Suite 411, Vancouver, BC, CAN, V6C 3N6

Website

https://www.argentinalithium.com

Argentina Lithium & Energy Corp is a natural resource company engaged in acquiring and exploring resource properties in the Americas and Argentina. Some of its projects are the Antofalla lithium project; Rincon West, Pocitos project, Antofalla North project, and the Incahuasi Lithium project.

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