Global Lithium Resources (ASX:GL1) ROCE % : -3.14% (As of Dec. 2023)

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What is Global Lithium Resources 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. Global Lithium Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.14%.

Global Lithium Resources ROCE % Historical Data

The historical data trend for Global Lithium Resources'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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Global Lithium Resources ROCE % Chart

Global Lithium Resources Annual Data

Trend

Jun21

Jun22

Jun23

ROCE %

-9.70

-12.20

-5.52

Global Lithium Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-21.88	-8.56	-4.64	-4.26	-3.14

Global Lithium Resources ROCE % Calculation

Global Lithium Resources's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-6.366	/	( ( (61.86 - 3.663)	+	(176.332 - 4.079) )	/ 2 )
	=	-6.366	/	( (58.197	+	172.253)	/ 2 )
	=	-6.366	/	115.225
	=	-5.52 %

Global Lithium Resources'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 )
	=	-5.358	/	( ( (176.332 - 4.079)	+	(173.401 - 3.863) )	/ 2 )
	=	-5.358	/	( ( 172.253	+	169.538 )	/ 2 )
	=	-5.358	/	170.8955
	=	-3.14 %

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

Global Lithium Resources (ASX:GL1) 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.

Global Lithium Resources ROCE % Related Terms

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Global Lithium Resources (ASX:GL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Lithium Resources Ltd (ASX:GL1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ventnor Avenue, Level 1, Perth, WA, AUS, 6005

Website

https://www.globallithium.com.au

Global Lithium Resources Ltd is an emerging lithium exploration company with a primary 100% focus on the Marble Bar Lithium Project in the Pilbara region of Western Australia and an 80% interest in the exploration rights and future mining rights to lithium and lithium associated comineral rights in the Manna Lithium Project.

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