Century Lithium (Century Lithium) ROCE % : -9.48% (As of Dec. 2023)

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What is Century 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. Century Lithium's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.48%.

Century Lithium ROCE % Historical Data

The historical data trend for Century 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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Century Lithium ROCE % Chart

Century Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-32.78

-14.64

-12.32

-10.00

-6.86

Century Lithium Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.36	-13.59	-5.11	-2.97	-9.48

Century Lithium ROCE % Calculation

Century 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 )
	=	-2.856	/	( ( (42.929 - 0.57)	+	(41.498 - 0.54) )	/ 2 )
	=	-2.856	/	( (42.359	+	40.958)	/ 2 )
	=	-2.856	/	41.6585
	=	-6.86 %

Century 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.884	/	( ( (41.426 - 0.468)	+	(41.498 - 0.54) )	/ 2 )
	=	-3.884	/	( ( 40.958	+	40.958 )	/ 2 )
	=	-3.884	/	40.958
	=	-9.48 %

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

Century Lithium (OTCPK:CYDVF) 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.

Century Lithium ROCE % Related Terms

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Century Lithium (Century Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Century Lithium Corp (OTCPK:CYDVF) » Definitions » ROCE %

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C1Z:Germany LCE:Canada

Address

777 Dunsmuir Street, Suite 1610, PO Box 10427, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.centurylithium.com

Century Lithium Corp Is a lithium exploration company engaged in the acquisition, exploration, evaluation, and development of resource properties located in the United States. It has focused on developing owned Clayton Valley Lithium Project in Nevada, USA. The company discovered a world-class resource of lithium-bearing claystone, adjacent to the Albemarle Silver Peak mine, North America's only lithium brine operation. It is actively processing material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada.