Millennial Lithium (TSXV:ML) ROCE % : -9.28% (As of Aug. 2021)

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What is Millennial 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. Millennial Lithium's annualized ROCE % for the quarter that ended in Aug. 2021 was -9.28%.

Millennial Lithium ROCE % Historical Data

The historical data trend for Millennial 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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Millennial Lithium ROCE % Chart

Millennial Lithium Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

ROCE %

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-215.69

-68.89

-16.67

-5.42

-10.22

Millennial Lithium Quarterly Data
	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21
ROCE %	Get a 7-Day Free Trial															-6.12	-1.63	-31.01	-27.14	-9.28

Millennial Lithium ROCE % Calculation

Millennial Lithium's annualized ROCE % for the fiscal year that ended in Feb. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2021 )		(A: Feb. 2020 )		(A: Feb. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2021 )		(A: Feb. 2020 )		(A: Feb. 2021 )
	=	-9.875	/	( ( (77.85 - 0.782)	+	(117.09 - 0.95) )	/ 2 )
	=	-9.875	/	( (77.068	+	116.14)	/ 2 )
	=	-9.875	/	96.604
	=	-10.22 %

Millennial Lithium's ROCE % of for the quarter that ended in Aug. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2021 )		(Q: May. 2021 )		(Q: Aug. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2021 )		(Q: May. 2021 )		(Q: Aug. 2021 )
	=	-10.5	/	( ( (115.198 - 0.843)	+	(112.913 - 1.094) )	/ 2 )
	=	-10.5	/	( ( 114.355	+	111.819 )	/ 2 )
	=	-10.5	/	113.087
	=	-9.28 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2021) EBIT data.

Millennial Lithium (TSXV:ML) 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.

Millennial Lithium ROCE % Related Terms

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Millennial Lithium (TSXV:ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Millennial Lithium Corp (TSXV:ML) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

350 Bay Street, Suite 400, Toronto, ON, CAN, M5H 2S6

Website

http://www.millenniallithium.com

Millennial Lithium Corp is engaged in the business of acquisition, exploration and development of lithium mineral properties. The company's projects include the Pastos Grandes Lithium Project and Cauchari East Lithium Project. It has one operating segment, being the exploration of resource properties.