Zinnwald Lithium (LSE:ZNWD) ROCE % : -7.40% (As of Dec. 2023)

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What is Zinnwald 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. Zinnwald Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.40%.

Zinnwald Lithium ROCE % Historical Data

The historical data trend for Zinnwald 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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Zinnwald Lithium ROCE % Chart

Zinnwald Lithium Annual Data

Trend

Sep14

Sep15

Sep16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.47

-11.02

-6.45

-10.30

-9.13

Zinnwald Lithium Semi-Annual Data
	Sep14	Sep15	Sep16	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										-7.40	-12.36	-8.03	-8.42	-7.40

Zinnwald Lithium ROCE % Calculation

Zinnwald 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 )
	=	-2.504	/	( ( (19.962 - 0.63)	+	(36.828 - 1.307) )	/ 2 )
	=	-2.504	/	( (19.332	+	35.521)	/ 2 )
	=	-2.504	/	27.4265
	=	-9.13 %

Zinnwald 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-2.656	/	( ( (37.173 - 0.904)	+	(36.828 - 1.307) )	/ 2 )
	=	-2.656	/	( ( 36.269	+	35.521 )	/ 2 )
	=	-2.656	/	35.895
	=	-7.40 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Zinnwald Lithium (LSE:ZNWD) 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.

Zinnwald Lithium ROCE % Related Terms

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Zinnwald Lithium (LSE:ZNWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zinnwald Lithium PLC (LSE:ZNWD) » Definitions » ROCE %

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ZNWLF:USA 7WW:Germany

Address

29-31 Castle Street, High Wycombe, Buckinghamshire, GBR, HP13 6RU

Website

https://www.zinnwaldlithium.com

Zinnwald Lithium PLC is a mineral exploration and development company. The company is focused on the Zinnwald Lithium Project in Germany to supply battery-grade lithium products. Also, the company holds 100% interest in the Abbeytown project. Geographically, it operates in UK, Ireland and Germany.

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