Foremost Lithium Resource & Technology (XCNQ:FAT) ROCE % : -61.38% (As of Sep. 2023)

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What is Foremost Lithium Resource & Technology 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. Foremost Lithium Resource & Technology's annualized ROCE % for the quarter that ended in Sep. 2023 was -61.38%.

Foremost Lithium Resource & Technology ROCE % Historical Data

The historical data trend for Foremost Lithium Resource & Technology'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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Foremost Lithium Resource & Technology ROCE % Chart

Foremost Lithium Resource & Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-42.98

-39.41

-43.46

-63.58

12.34

Foremost Lithium Resource & Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-47.81	95.84	10.06	-22.90	-61.38

Foremost Lithium Resource & Technology ROCE % Calculation

Foremost Lithium Resource & Technology's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1.061	/	( ( (7.918 - 1.102)	+	(13.3 - 2.913) )	/ 2 )
	=	1.061	/	( (6.816	+	10.387)	/ 2 )
	=	1.061	/	8.6015
	=	12.34 %

Foremost Lithium Resource & Technology's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-7.376	/	( ( (13.111 - 3.13)	+	(15.965 - 1.913) )	/ 2 )
	=	-7.376	/	( ( 9.981	+	14.052 )	/ 2 )
	=	-7.376	/	12.0165
	=	-61.38 %

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

Foremost Lithium Resource & Technology (XCNQ:FAT) 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.

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Foremost Lithium Resource & Technology (XCNQ:FAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Foremost Lithium Resource & Technology Ltd (XCNQ:FAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FMST:USA F0R:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.foremostlithium.com

Foremost Lithium Resource & Technology Ltd is a hard-rock exploration company strategically located to capitalize on the growing EV appetite and is committed to being a supplier of North America's lithium feedstock. As the transition towards decarbonization, the company is focused on the exploration and growth of its five Lithium Lane Projects in Snow Lake Manitoba. It also has the Winston Gold/Silver Property in New Mexico, USA.

Executives

Sead Hamzagic

Senior Officer